LT 4H TF If you see reversal candle look for short opportunities if it breaks out look for long but wait for 4H candle to confirm for more accuracy.
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Larsentoubro
Flag Pattern Breakout in L&T 📊 Script: Larsen & Toubro
Key highlights: 💡⚡
📈 On 1 Hour Time Frame Stock Showing Breakout of Flag Pattern.
📈 Strong Bullish Candlestick Form on this timeframe.
📈It can give movement upto Breakout targets of 2525, 2565 and Final 2600+.
📈 Can Go Long in this stock by placing stop loss Below 2460 or last swing low.
Larsen case studyLarsen spot cmp 2480
Weekly time frame
Elliot wave study
Counter is trading in last leg of motive phase which might mature around current levels.
v of 5 is in play,
Ascending wedge pattern indicate counter is overbought as its trading above structure.
RSI and MACD have bearish divergence with respect to price.
Last week counter made high of 2483 levels and today it made high around 2493 levels,
As per measured move wave 5 should mature around 2500 levels
so till counter does not give weekly close above 2500 levels , long should be cautious..
Counter have out performed rest of the counter in this last rally of over all market.
Now its time for counter to give away.
Keep watch, if this study pans out counter can give good fall going ahead.
Buy LT Above 2232"Delivery Idea 15-05-23
LT (CMP: 2227.8)
Buy Price: 2232
SL Below: 2195
Target: 2420"
LT BULLISH PENNANT VERGE OF BREAKOUT ??!!! Chart pattern looks good for the long trade with minimal risk
Bullish pole pennant formation yet to give Breakout
Nothing much to explain, As the chart explains the situation
Bright green dashed lines- Target levels
Bright red dashed line- SL
Entry can be now or after the Breakout of the pennant.
Let's wait and watch how it moves!!!
NOTE - Just sharing my view...not a tip nor advice!!!
L&TGet ready for some action in L&T; we should follow it can be a breakout or breakdown.
Remember to manage your risk-to-reward ratio.
L&T is at its crucial level and almost trading near a 52-week high.
Shooting Star A shooting star occurs after an advance and indicates the price could start falling.
The formation is bearish because the price tried to rise significantly during the day, but then the sellers took over and pushed the price back down toward the open.
Traders typically wait to see what the next candle (period) does following a shooting star . If the price declines during the next period they may sell or short.
If the price rises after a shooting star , the formation may have been a false signal or the candle is marking a potential resistance area around the price range of the candle.
Script = L&T
Time Frame = 1 Day
Rising wedge breakout in LTLT has given a breakout from rising wedge pattern.
However, today's candle is an inverted hammer which might be a sign of reversal and hence, it is a wait and watch scenario.
One can enter if there is a retest and continuation of uptrend from 2250-2300 levels
Larsen chart study.Larsen spot cmp 2355
Weekly time frame
Elliot wave study
Motive phase on verge to mature.
Ascending wedge pattern formation
Counter is trading in overbought zone as per swing indicator and structure formation.
Bearish divergence on RSI with respect to price.
Time for bulls to sit on cash.
L&T : Forging a New Path to The SkiesTechnical Analysis
Chart type: Daily
Chart Pattern : Symmetrical Triangle
RSI: Above 50
Price: Above 20 & 200 SMA
View: Breakout and News
Expected Targets : 2260,2300,2340,2400
Expected Support: 2200,2160,2100
LT - Ichimoku Bullish Breakout Stock Name - Larsen & Toubro Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 2369
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
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LT A Triangle Pattern under formationA Symmetrical Triangle Pattern seen under formation on charts of LT. Symmetrical Triangle Pattern is a continuation pattern and formed in either an up trend or down trend. During the up or down trend a symmetrical triangle forms as a part of consolidation with higher lows and lower high pattern. One should wait for completion of the Pattern at the narrow end, and the successful breakout in the direction of trend will confirm next leg rally. Keep watch
BSE Capital Goods- Relative Strength signaling RED FLAGS!Attached: BSE Capital Goods/ BSE Sensex Daily Chart as of 13th April 2023
The Ratio Chart has given Warning Signals of what is about to come for the Capital Goods Sector, the Warning Signals are as follows:
1) A Broadening Wedge Pattern (see the Blue Trend Lines marking the Pattern)
2) A Double Top formation within the Broadening Wedge Pattern (see the Red Curve and the 2 Down Arrow Marks)
3) Triple Bearish RSI Divergence is also visible
4) MACD is currently in Sell Mode
5) ADX is below 25 meaning range bound (this means a Trend is about to start, biased for the Downside given the other signals)
All the Signals I have mentioned are Bearish for the Chart which mean that if it comes to play then the Capital Goods Sector (including Stocks that make up the Sector) would be confirmed to be an UNDERPERFORMER for the coming 2-3 Weeks (till the Downside Target gets met on the Ratio Chart at least)
You may look at Stocks within the Capital Goods Sector for Shorting as some of them have already given Sell Signals like L&T and SIEMENS (these 2 are on my radar)
LT LongStock Breakout of Symmetrical triangular pattern & then retested the BO region....now ready to make new highs...
ONLY FOR EDUCATIONAL PURPOSE....KINDLY DO YOUR OWN RESEARCH
Triangle pattern End of impulse . A small bull run is pending.
Once the bull run have completed then correction is gonna take place. Wait and watch the pattern formation.
I’m not a SEBI advisor. This is only for education purposes only.
I share my knowledge.
Larsen & Toubro - Breakout of Triangle pattern - Swing TradeThe analysis is done on Daily TF hence price may take few weeks to few months in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
Triangle Pattern A triangle chart pattern involves price moving into a tighter and tighter range as time goes by and provides a visual display of a battle between bulls and bears.
Script = Larsen And Toubro
Time Frame = 1 Day
LT TREND LINE RESISTANCE BREAKOUTLT breaking out trendline resistance
with good volume buildup
trading above 20 ema
for educational purpose
intradayboth side potential
avoid first 15min breakout
wait for 15 min candle closing
targets are marked
follow risk management
do your own analysis
do workout
do meditation
start reading book
