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...
LT 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 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.
Technical 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
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...
A 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...
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...
Stock 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
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.
The 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...
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 breaking out trendline resistance with good volume buildup trading above 20 ema for educational purpose
Short LT with SL of 2265 for target of 2120 CMP: 2,220 Risk reward in favor
both 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
Keep watch over LT. A good move is expected. A breakout or a breakdown?