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 = L&T
Time Frame = 1 Day
Larsentoubro
Bearish Harami A bearish harami is a two bar Japanese candlestick pattern that suggests prices may soon reverse to the downside. The pattern consists of a long white candle followed by a small black candle. The opening and closing prices of the second candle must be contained within the body of the first candle. An uptrend precedes the formation of a bearish harami.
Script = L&T
Time Frame = 15 min
L&T Head and Shoulder PatternL&T has formed Head and Shoulder Pattern on daily chart.
Entry
We can go short if price breakdowns below the neckline with strong bearish candle.
Target
We can keep target near the next support zone as marked on chart.
Stoploss
We can keep stoploss above the neckline.
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LT share analysis #harishwaveanalystLT share elliot wave analysis daily time chart complete upside 5 wave and 2 or 4 trendline break
price go down wave ABC
volume decrease
rsi decrase
macd negative
Triangle PatternA 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 & Toubro
Time Frame= 15 min
8 feb Larsen and Turbo view8 feb Larsen and Turbo view main tain short view as soon as cross the lne below
LT possible shift in trend after todays downmove trend line breakdown witnessed today
resistance marked at higher zone
while in short term as long as trading below today's high areas can witness a retest of marked support zones
Trendline BreakoutA broken trendline is a technical signal that can suggest a change in trend is at hand. If low volume (rather than high volume) accompanies the break of a trendline, the signal is not as strong or convincing. It can make sense to wait a day or two to make sure that the trendline break is legitimate
Script = Larsen and Toubro
Time Frame = 1 day
SWING Trade Setup for L&TThe FASP for L&T is listed for 11-1-2023 . You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities.
What is Fibolysis Anchor SupRes Points(FASP)?
It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels under various Timeframes. It is an extensively analyzed level to draw the support and resistance levels for the next day. You can use these levels along with your trade setup to increase your winning odds.
Validity of the levels: 1 Day
How to use these levels?
The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session. I use this fact to write intraday positions and to buy options.
Color Coding: Green is regular support and buying area, Red is strong exit area
Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.
LT detailed analysisLT on the daily formed a possible bear trap by closing below the trend line & then showing a v shaped recovery from there. On the hourly it has closed above the downward sloping trend line resistance but it was not a convincing break. There are 2 major supply zones sitting on top of it, the first one is a very small zone which has a less probability of holding whereas the second one is a more important zone. The second zone is important for 2 reasons, 1st reason is that it has the POC of the downfall as per volume profile & also a break of the zone will cause a second break of structure which will shift the bias to bullish. Once that happens we will start looking for demand zones to enter buys & scale in for a good up move.
LT inside a Inverted Cup & Handle Pattern ???!!!!Chart Patterns suggesting me to go with the above titled opinion !!!
Reasons
1. Dec 21,22,23 daily candles with volumes suggesting the bears entry .(Dec 23rd candle being breakdown candle of trendline from june 2022).
2. Follow up candles on DEC 26,27 show bulls regaining back but LACK OF VOLUMES SHOWS THEIR WEAKNESS!!!
3. Coming to 2hr timeframe, it is looking like the formation of Inverted Cup & Handle (Handle in progress).
4. We can make our entry , after a 2hr bearish candle breaking down of the white trendline.
5. SL(2hr closing ) and Target levels mentioned @ chart !!
Remember, ENTRY ONLY AFTER BREAKDOWN.
Let's wait and watch how it moves!!!
Note - Just sharing my view....not a tip nor advice!!!
LT showing weakness at supply zoneLT showed good bullish momentum today but it started showing weakness in the supply zone. Short position has been taken as shown in the Chart.
#LT pullback towards 1860 will be grt place to buyWeekly & daily chart of Larsen & Toubro is giving me confidence that this counter can do well if market supports. Any pullback towards 1860/1850 zone will be great place to enter with stop loss of 1811 on closing basis. Weekly & Daily RSI, ADX all are in bullish territory and can take this giant upward towards 1990/ 2078 zones. Last time when it happened(hint check 7th July 2022) this stock gave 20% move, keep eyes open.
Always respect risk, reward will follow , happy investing :)
Larsen & Toubro Positional TradeL&T positional set up has been activated. Going long in L&T for a target of 2079 with SL 1895. All levels are marked on the chart.
Disclaimer: This is only for educational purpose. please consult your FA before investing. Happy Trading
NSE:LT (CUP WITH HANDLE, FLAG)After giving a CUP WITH HANDLE Breakout, it formatted a flag pattern consolidation. Today it's gave a Break-out. We can expect 8% UPSIDE with 3.5% DOWNSIDE Risk.
Entry - 2020
SL - 1955
Target 1 - 2075
Target 2 - (2150 - 2180)
Larsen | C&H Formation | Breakout Candidate | 40% UpsideNSE:LT
Cup & Handle formation in Chart
Breakout Candidate
Good Buy above 1960
Targets : 2090 - 2476 - 2715
SL : 1800
Upside : ~40%
RSI in Bullish Zone
CMP taking support from Short Term Exp. Moving Avgs
LT up move may continue (Analysis 27/10/22)LT stock has given a break out and has crossed 61.8% fibonnaci level on the daily time frame.
The stock was trading around its 20 DMA and consolidated for 10-12 days in a narrow range.
In the last trading session, the stock has given a 2% up move with nice volumes.
The stock has formed a nice price action pattern.
3 points confirmation.
1. Break out of the consolidation.
2. Retest of 20 DMA.
3. Closing above 61.8% fibonnaci levels.
The stock has given a nice up move and the move can continue once the stock crossing 1950.
Target :- 1978-85, 2045
Stop loss :- 1930
Intraday and swing trades can be carried in the stock.
Wait for the price action near the price level before entering the trade.
LT (Short setup)A wolfe-wave with Double top setup. RR is high.
Good Setup.
Invalid above todays high(1937)
L & T BUY NOWDon't miss the great BUY Opportunity in L&T. In 4HR chart it's rejecting the support zone and probably it'll bounce back to supply zone which is at 1989.95.
Entry: 1855.80
SL: 1805.65
TP: 1989.95
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 1973
#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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Larsen and Turbo - Long Yet Another Breaks out from Larsen and Turbo!!
If the market moves higher L&T will gives you solid return in near future !!
