RSI moved from 40 indicating upmove which is supported by buy signal in MACD. Price Acttion shows reversal but the movement of 200 EMA suggests that price may face resistance once it reaches that level. Anyway, it looks good for swing with a price range of 950-960 being the target and stoploss being below the channel.
Everything is mentioned in the chart. This is just based my observations, please take informed decision while taking any trade.
Larsen and Toubro is looking good for an intraday trade for a little over 1.5% reward. Some of the other stocks from my personal watchlist include HDFC Bank, Concor, Mahindra Finance, IndiaBullHsgFin, GmrInfra, Indian Oil Corporation, Infy and Petronet. I expect these stocks to breakout with huge momentum. These may work for tomorrow's session, but if it doesn't...
Larsen price havent moved significantly in past few weeks. Any slight upmove followed by retest levels where it retrace near Fibonacci levels. ( Approx 38.2% in most occurrences) Any significant volume upsurge is invisible and evenly distributed across weeks. Heavy resistance near 1000-1020 levels. If price crosses these levels with good volume, the result will...
Wait For The Right Price. Yet to break the trend Line. Surely Stock will move Upward Direction
a. Zone: Strong Bull b. Resistance 1: 1009.65 c. Resistance 2: 1013.50 d. Support 1: 998.20 e. Support 2: 990.60 NSE:LT
AUG 2020 monthly closing very crucial! A close inside the channel and we should be back to top of channel around 1700 by next year..Immediate spring action should see us at 1250 by next month itself ELse if gets rejected this time then,back to base 750- 800
L&T has broken its trendline with volume. Always keep such stocks in your watchlist. In many cases such volume buzzer stocks doesnt give much movement next day. A small hurdle at 970-975. Looking at the consolidation and if all goes well LT may soon touch 1000 and above.
TREND ANALYSIS & TRADE SETUP Follow Chart Instruction. Do not be Hurry for entry. Wait for Proper Entry Setup. Buy/Sell with Best Risk Reward. Educational Chart Only. June Series Option can be tried. Wait for entry setup, if available then Long/short. Reward is 8-10 Times
Buy above 970 (Day High) for 980 (50% Fib Retracement level), 988, 1000 & 10 point TSL after that till 1055. Sell below 953 for 945, 940 (Long term Value Price), 930. Refer the linked LT idea on more details on LT Price Action & Fib Retracement Disclaimer: These are NOT trading advice! The intention is to gather feedback on them, so please drop in a...
A). trade the breakout. B). short with target 901, then check if it finds resistance there. If it finds resistance at 901 then buy with target of 915-925.
Intraday LT: Buy 924, SL: 920, Target: 928-930
Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
Observed that since 12th of June LT was getting very strong resistance around 900 levels as clearly seen in the chart with Red Line. During past few sessions LT tries multiple times to break it and it does moves till 890-900 zone, but strong buy is seen and it bounces back from there. Keeping this in mind and the present levels LT looks good for Long trade setup...