CUP & HANDLE BREAKOUT OUT IN LTNSE:LT
CUP & HANLDE breakout in stock with volume
Stock is showing sign to make uoward move.
now breakout level should act as a Support
STOP LOSS can be placed below BO candle.
considering recent (2nd) Rounding bottom Depth (100-120 points) 1st POSITIONAL TARGET would be around 1680-1700.
and for med-long term target once can consider depth of CUP (1st rounding bottom)
But one should always maintain TRAILING SL
** EDUCATIONAL PURPOSE
Larsentoubro
L&T INFOTECH--> Standing at important resistance The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice
Target 1 (19%) achieved in Larsen & Toubro. Target 2 is ON...This is follow-up on Larsen & Toubro. Can check link to related ideas.
Target 1 achieved. More than 19%. Target 2 is ON.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
LT LONG.LT has been in a nice uptrend, continuously making higher highs and higher lows. After the recent pullback to the 20 EMA , a nice continuation candle has formed. A long can be initiated keeping in mind the following levels, only if it sustains above long level for 15 minutes.
LONG ABOVE : 1505
STOP LOSS : 1469
TARGET 1 : 1541
TARGET 2 : 1577
LT Short Term Trading Set up 3 Taking Support from 50 Daily EMA. The structure is already provided for reference along with S&R LEVELS. Expecting 1517 or 1535.
The Indicator Used:
1) Daily Lines Plots Daily 20 (BLACK) & 50 EMA (GREY), BLUE (200 DAILY EMA ) On Lower Time Frame Charts.
2) Valuation band
KEYS: Red Faded Cloud: Over Valuation.
Grey Faded Cloud: Proper Valuation.
Green Faded Cloud: Under Valuation.
3) TE-REKAB - Proprietary Indicator
KEYS:
PB: Pullback
Blue Candle: Selling Divergence
Yellow Candle: Buying Divergence
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The analysis is my POV , hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING!!!