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Larsentoubro

LT bullish ??LT bullish ?? Reasons/Traits : • Channel pattern breakout seen today • 1.618 Fib level breakout seen • Bullish since April • Good strength in RSI and strong uptrend is seen • Price is making higher highs • Perfectly following uptrend wave • 3 times earlier price tried to break the channel, now 4th time trying to break • Price making higher highs What can happen next : Scenario 1 : Price sustaining above 1770 can take the price to 1800/1900/2000/2100 Scenario 2 : Price rejecting 1.618 level can take stock to 1700/1600/1500 levels (1740 level is crucial to determine if stock wants to go down) Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
NSE:LTLong
by AdhigamaTrading
Breakout in LTDisclaimer :- This is not any buy or sell recommendation. It is just my view on this counter. Kindly consult with your financial or investment advisor before investing. On the daily chart of L&T stock has given a fresh breakout on Thursday from upward channel pattern. And it has been retested on it's upper channel band on this Friday and candle has closed above the channel. So, we can expect this bull run will be continued on this counter. First support level is around 1715. And as per the Fibonacci next upside level is 2057 but this level is so far from here. So, that's why I marked on 1900 and 1975 manually for the first and second target respectively and my third target is 2057. Thank You :) Happy Trading :) Happy Investing :) Over & Out :)
NSE:LTLong
by KetanPandit