Key Levels for LT:
UPPER BREAKOUT~860.55
FIRST TARGET~872.60
INTERIM RESISTANCE~884.65
FINAL RESISTANCE~895.60
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LOWER BREAKOUT~840.85
FIRST TARGET~829.90
INTERIM SUPPORT~817.85
FINAL SUPPORT~804.70
My views are for educational purposes only.
Please trade with caution and consult your financial adviser before trading.
Infra sector is the latest one to catch the investor's interest.
L&T is among most leading stock in this sector, can be bought on dips.
Safe traders can create positions using bull spreads of 920 and 1020 calls, pay out is about 20 Rs.
Put of 820 can be sold to reduce the payout to 8-9 Rs.
As per y'day closing prices of 920 Ce was 37.8, 940 Ce was Rs. 10,...
L_TFH is on a verge of making a big move in either direction.
The range of 132.5 and 127.50 is going to be crucial.
In short take position in the direction of breakout/breakdown!
Buy L_TFH above 132.50 with SL of 127
Short L_TFH below 127.50 with SL of 132.50
EVERYTHING MENTIONED STOCK MIGHT TAKE SUPPORT AT GREEN ZONE THEN MOVEMENT EXPECTED IS SHOWN WITH GREEN ARROWS IT MIGHT ALSO DIRECTLY FALL ALSO WE HAVE TO WATCH PRICE ACTION
TRADE AT YOUR OWN RISK
A decent move was noticed in Larsen & Turbo this week. The prices closed above a previous swing, RSI has moved into neutral zone from a bearish area while MACD has moved above zero level. These point towards strength in the counter, with expectation on infrastructure expenditure allocation in budget a up move may be triggered in the stock. The stock may meet...
Please refer to details on chart.
Avoid taking naked long positions, trade using strategies is safe in volatile and expensive markets.
Non cash traders should plan to exit around 1370.
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