LT - MULTIPLE BREAKOUT 📊 Script: LT (LARSEN & TOUBRO LIMITED)
📊 Nifty50 Stock: YES
📊 Sectoral Index: NIFTY INFRASTRUCTURE
📊 Sector: Construction
📊 Industry: Engineering Designing & Construction
Key highlights: 💡⚡
📈 Script has given breakout of BB Upper Band.
📈 MACD is just giving crossover.
📈 Already Crossover in Double Moving Averages.
📈 Price moving along with volume.
📈 RSI was facing hurdle at 74 level and gave breakout shown in chart.
📈 There is Trendline Breakout also.
📈 Right now RSI is around 78.
⏱️ C.M.P 📑💰- 1936
🟢 Target 🎯🏆 - 2078 & 2247
⚠️ Stoploss ☠️🚫 - 1827
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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Larsentoubro
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 1867
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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L&T with many confluences....LONGGLT has formed a complete double bottom move and hit an important resistance level forming a bullish flag pattern and a break of resistance level on above average could lead to a long trade.
Observe the moving average crossover and high Volume.
Targets of T1 and T2 could be taken
Stop Loss below the recent flag swing low.
Keep It Simple
LARSEN & TOUBRO 15 Min AnalysisLARSEN & TOUBRO has already given channel breakout in a daily timeframe on 7th July. Currently, it is forming a flag and pole pattern in 15mins time frame, which is a continuation pattern.
Enter trade if the price closes above 1675 with proper candle and volume. Because it was a strong resistance right now.
Possible targets are mentioned in the chart. For Less Risk taker 1645 stop-loss. And for taker 1630.
Do your own analysis before making an investment decision.
NSE:LT
19th July' 2022 (Evening) -- Market Analysis19th July' 2022 (Evening) -- | Written at 11.00 PM |
The markets opened gap down today to weak global cues. After opening though there was nothing to look back at. After an initial hurdle at 16325, the markets breached this level and closed strong with #Nifty at 16340 and #BankNifty at 35720.
While i was expecting #Nifty may take down 16325, I actually expected #BankNifty to face a stiffer resistance at 35500. However, #BankNifty actually did face resistance at 35500, but then eventually took down 35500 level.
Let us look at the levels now, before we get on to discuss :
With 16325 down for #Nifty, we may now be looking at 16500 as the next level. This one could be strong. On the other hand #BankNifty is now looking at 36000. Now this may come tomorrow itself, if the US markets continue to trade the way they are at the moment.
#DowJones is trading 570 point in green as I am writing these notes and #Nasdaq is trading 280 points in green. This may lead to a gap up opening tomorrow and #Nifty may open in 16400-16450 level, #Bank Nifty on the other hand may also open near 36000 levels.
So the game begins from here, We need to watch the levels of 16250 and 16500 on #Nifty and 35400 and 36100 for #BankNifty. A breach of these levels on either side may decide the next course in short term.
Surprising part is that Dollar has been particularly strong and INR is weakening against it.. However, the #FII selling has now weakened, probably a selling fatigue. So they are now playing to our levels. Whether, 16500 is the level for now, we will come to know soon.
As of now, a bit of bullishness is seen in the #FII positions on the FnO side. There was some longs created in Index futures, coupled with cash buying and also put selling. I feel this has been more tuning with our levels, rather than a change of stance from their side. A sentiment change is also driven from the rally in US markets.
Options OI indicate a support at 16200 and 35500 for #Nifty and #Bank Nifty respectively. However, we have now reached closer to 16600 on #Nifty and 36000 on #BAnk Nifty. A huge number of call writers are sitting at these levels. So lets see how this tug off war between bulls and bears plays out.
#DollarIndex is now a bit eased at 106.485, however, i see support coming in at 103.4 for this and I would continue to be bullish on #DXY till then. This could give some more space to our rally. #CrudeOil has inched up slightly, don't think this would affect us as of now. #US10Y Yields are above 3 and stay put there.
The Euro #Inflation (#CPI) was high today, though was on expected lines. So no surprises as such on this front. The US building permit data is still bullish, indicating strong economic activity in this segment.
Keep enjoying the good times till they last..........
LTI - Elliot wave structure of LARSEN & TOUBRO INFOTECHLTI is showing wave structure like, either larger wave A-B-C is done and now deeper retracement is possible as a wave X, or after wave 1-2-3 is done and now possibly in wave 4, where wave A-B is done and now wave C is unfolding.
This stock can see good pullback towards north direction nearly above 4600 where wave C would be equal to wave A, on the way down 4000 and 3897 would be a crucial support levels to watch out for.
All other trend indicators are also allowing to go long with mentioned levels on chart, RK's mass psychological cloud has confirmed buy signal on hourly chart along with support of RK's stop line which is good enough to rely on as always.
Overall wave structure on daily chart
price entered in RK's mass psychological cloud, along with RK's stop line support
EMA's positive golden cross done on hourly chart
Price closed above previous closing based highs on hourly chart
macd positive crossover on hourly chart
macd already in positive crossover and now uptick on daily chart
RSI uptick and now its above 60 levels on hourly chart
RK's Momentum is also positive crossed on hourly chart
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...!
Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
LT Larsen & toubroLT shown selling pressure today and has been closed below 20DMA, RK's mass psychological cloud and RK's stop line both are indicating bearish scenario ahead, this stock is showing clear wave counts on daily chart, where after completing 1-2-3-4-5 impulse now its in corrective phase as wave W-X-Y, also chart is showing that W and X has completed now wave Y is unfolding as subdivided waves A-B-C. after completing wave A-B possibly we are in wave C, All this indicates wave C of Y is started, which should be unfold in five waves decline, and if C is going to be equal as A then it can show near 1354. Also all other parameters are supporting same, which are mentioned below with snap shots. All the key levels are mentioned on chart.
Overall wave structure and bias scenario
Price closed below 20DMA
Weekly macd is running negative
Daily macd is also down tick below zero line
Breakdown along with good intensity of volume on hourly chart
RSI on daily down tick near 40 area.
RK's psychological cloud along with stop line and also RK's signal all are suggesting bearish scenario.
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
LT getting ready for a big move up?LT gave a good breakout of the trendline & is now on its way back down to retest the trendline. The ideal place to buy will be between 1585-1600 as it is also the retracement into the fib golden zone of its last move up. the recent import duty cuts on raw materials like Iron & levy of export duty on steel products should also be of benefit to the stock.
L&T Finance Holding Chart Analysis !!📈 L&T Finance Holding 📉
Today broke out from a Resistance Zone after testing three times and also broke out from a downtrending Trendline Zone which is coming from all time high, It means it has come out from larger bear trend however a major swing yet to crossed on closing basis.
Long time frame chart is attached below at end.
On Buy Side I am looking for Targets of 94, 99, 112
StopLoss should be kept at 75.
It offers 1:2 Risk To Reward.
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
L&T heading towards a fall?In terms of Elliott waves, LT has completed its already completed five-wave rally and the stock is going through ABC correction. Head and shoulders pattern could also be seen indicating possible correction. The 4th wave low which is considered as the end of ABC correction and the head and shoulder breakout is pointing towards 1350 level in short to mid term.
PS: This is not an investment or trading advice.