Larsentoubro
LT: Flag and PoleL&T formed a flag and Pole Pattern on an hourly chart. The analysis is backed by the increase in the volume of bulls at the time of the formation of the pole and the decrease in the volume of bears in the Flag formation justifying the two most important criteria for Flag and Pole patterns to give a breakout.
Still, it is the stock market so be prepared with arms and ammunition for both side movement.
Investment Idea || Larsen & Toubro LtdWeekly Investment Idea | Large Cap Stock | Larsen & Toubro Ltd #LT
1) Good weekly close.
2) Inverted Head & Shoulder Breakout.
3) No near term resistance. ATH.
Free Tip #Calculation of Target in INHS type of breakouts:
Target = R1 + (R1-S1) = 1600 + (1600-765) = 2435.
Note: Above values are approx. values. Please refer chart.
Head and Shoulders Pattern - LT - Expected move 15 %LT is expected to move 10-15% upward. Gave a proper head and shoulders pattern, also, quarterly results are about to come which would definitely exceed the expectations of the research analysts.
#LARSEN&TOUBRO :Weekly Rounding & Daily double bottom breakout#LARSEN&TOUBRO.Rounding pattern breakout green close above neckline on weekly.On daily it is also forming a W double bottom patter
Which also has broken out.Bullish momentum on all timeframes.ADX also indicating trend is good.
Long entry with tight stop loss at pattern neckline is god trading idea.
Reverse Head and Shoulder pattern formation in Larsen and TubrodReverse Head and Shoulder pattern formation in Larsen and Toubro in daily chart
Expecting conservative target of Rs 1900 within 1 year.
Rs 1500 to Rs 1550 will act as solid support zone
Do your own analysis before investing.
Larsen & Toubro Long idea Larsen & Toubro inverse H&S pattern on weekly chart can buy for target 1818 soon, and 2400 in 3-6 month view.
LT breakout Larsen & Toubro
- Major BO confirmation on weekly closing basis.
- Inverse Head and shoulders pattern.
- Looks good for major uptrend.
Only for educational purpose not a recommendation.
Low Risk Trade - Buy LarsenBuy LT Above 1650
Target 1800
SL Below 1500 on Closing basis
Disclaimer: All Charts are for educational purpose. Please consult your financial advisor before investing.
LT: Intraday AnalysisL&T price going down in a Parallel Channel. Today it has given a breakout of this channel and taken resistance above it. Right now it has come down and retested the resistance line of the Parallel Channel giving an up move with a spike in volume.
LT LOOKING BULLISHPrice action in LT shows a nice rising trend as Directional movement is showing an uptrend and RSI is also rising (65+). Buy with a stop below Rs 1550 for a target of Rs 1680. Hold it for 28 days.
positional & Intraday Trade: breakout and pullback done.buy above 1650 for positional and Intraday
for positional keep stoploss below 1550
For stoploss in Intraday use 5 minute chart and see nearest support.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis
NOTE: For Gapup or bo before 9:20
If gapup is more than 1% from bo level than avoid completely.
if less than 1% or gives bo before 9:20 than wait for
first 5 minute candle and entry above 5 minute candle
and revised SL below candle Low.
Minimum Doubler??L&T after consolidating for nearly two years has given inverse head and shoulders pattern and breakout can lead to target of 2200 within a year and also the IT subsidiaries are outperforming the market.
SL: 1400 wcb!
Expecting more upside momentumLT has given breakout on daily chart with really good volumes, expecting more upside momentum in upcoming days.
LT Long -Break out of Cup and handle pattern
L&T has given confirmed broke out of Cup and handle pattern on Friday (16-Jul-21)
Although LT has already made small move after the break out,but its still not very late to enter the trade. I spotted this trade only today. It will be great buy if we get this in 1-3% range of CMP (1618 on 16-July-21)
Entry - 1618-20 (Current Value or 1-3% above or below CMP - basically whatever you get)
SL - 1458 ( Low of the handle pattern )
Target - 1840 (CMP plus length of the Cup)
Inverted Head and Shoulder on WTF and Cup and Handle on DTF - LTSome Knowledge about MY patterns here :
1) Cup and Handle :
Appearance: Looks like a cup profile with the handle on the die right
Reversal or consolidation: Short-term (up to 3 months) bullish consolidation
Failure rate: 26%
Failure rate if
waited for a breakout: 10%
Average rise 38%, with most likely rise between 10% and 20%
Throwbacks 74%
Percentage meeting and predicted price target: 49% using full formation height, 73% using half formation height Cups with a higher right lip perform better, 40%
versus 35 % average gain.
mounthly breakout about to happen 12 years channel about to breakout along with inverted head and shoulder gives more attention to bullish
dyor
take trade only close above the channel
happy trading
LT - Inverted Head and Shoulders Pattern NSE:LT
LT - Inverted Head and Shoulders Pattern / Daily TF / Breakout and retracement done / Good to go LONG
Larsen & Toubro - INHS PatternNote: This is for educational purpose only. Please do not trade in F&O based on this analysis.
There seems to be an Inverse Head & Shoulders pattern bullish breakout. RSI above 70 indicates bullish momentum as well.
SL: ₹ 1500
Cup and Handle Breakout in LTLT has given a good cup and handle pattern breakout and it is around the neck line. It could be a great swing entry. Trade with caution, appropriate position sizing and Risk management.
