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Larsentoubro_long

Larsen & Toubro Ltd - Breakout OpportunityDate : 29-Jul-2024 LTP : Rs. 3,774.95 Next Resistances: (1) Rs. 3,919 --> (2) Rs. 4,380 SL : Rs. 3,460 on daily close basis Technical View: • NSE:LT is in it's primary uptrend and was recently going through it's secondary downtrend. • After touching the high of 3,919.90 on 3-Jun-2024, it has retraced 19% to 3,175.05 level. • On 29-Jul-2024, NSE:LT has broke out from its secondary down trend with higher than average volume. • NSE:LT is trading above 21 DEMA, 20 DMA and 50 DMA. • RSI has formed bullish cross over on 26-Jul-2024 and trading at 62.36. • MACD has formed bullish cross over on 29-Jul-2024 and trading at 19.36. Both RSI and MACD are indicating bullish momentum in coming days. • Looking strong to start a new swing from here. Disclaimer : I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market. My ideas are published for learning purpose only and are available to everyone at no cost/charge.
NSE:LTLong
by vicky252
LARSEN & TOUBRO BULLISH VIEWLT looks like a bullish which forms a cup handle pattern the previous high was broken and a retest was also done a small flag pattern also form Entry@CMP Stop loss@3670 1st target@4040 2nd target@4400 Disclaimer: I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade. Happy trading. so please keep LT in your watchlist for long term investment. If you like my view, do support it with a boost whitch is valuable inspiration for me to post ideas like this in future. thank you friends!
NSE:LTLong
by Ashokdyavan123
L&T: Cup & Handle FormationLT: CUP and Handle Formation: Prices are likely to resume it's uptrend towards 4100-4150 zone in the coming weeks, with any weakness holding above 3500 zone. The Cup with Handle is a bullish continuation pattern that marks a consolidation period followed by a breakout. It was developed by William O'Neil and introduced in his 1988 book, How to Make Money in Stocks. As its name implies, there are two parts to the pattern: the cup and the handle. The cup forms after an advance and looks like a bowl or rounding bottom. As the cup is completed, a trading range develops on the right-hand side and the handle is formed. A subsequent breakout from the handle's trading range signals a continuation of the prior advance. Trend: To qualify as a continuation pattern, a prior trend should exist. Ideally, the trend should be a few months old and not too mature. The more mature the trend, the less chance that the pattern marks a continuation or the less upside potential. Cup: The cup should be “U” shaped and resemble a bowl or rounding bottom. A “V” shaped bottom would be considered too sharp of a reversal to qualify. The softer “U” shape ensures that the cup is a consolidation pattern with valid support at the bottom of the “U”. The perfect pattern would have equal highs on both sides of the cup, but this is not always the case. Cup Depth: Ideally, the depth of the cup should retrace 1/3 or less of the previous advance. However, with volatile markets and over-reactions, the retracement could range from 1/3 to 1/2. In extreme situations, the maximum retracement could be 2/3, which conforms with Dow Theory. Handle: After the high forms on the right side of the cup, there is a pullback that forms the handle. Sometimes this handle resembles a flag or pennant that slopes downward, other times it is just a short pullback. The handle represents the final consolidation/pullback before the big breakout and can retrace up to 1/3 of the cup's advance, but usually not more. The smaller the retracement, the more bullish the formation and significant the breakout. Sometimes it is prudent to wait for a break above the resistance line established by the highs of the cup. Volume: There should be a substantial increase in volume on the breakout above the handle's resistance. Target: The projected advance after breakout can be estimated by measuring the distance from the right peak of the cup to the bottom of the cup.
NSE:LTLong
by TradingSutra
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.
NSE:LT
by Mambotrade
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.
NSE:LTFLong
by ShelendrAgrawal
Larsen & Toubro ( L&T ) Analysis !! 📈 Larsen & Toubro ( L&T ) 📉 This broke out from a Resistance Zone of downtrending Trendline and closed above resistance which was support earlier of 1760-1775 . On Buy Side I am looking for Targets of 1880, 2000 and 2080. 
 StopLoss should be kept below 1700-1720zone. It offers 1:3 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.
NSE:LTLong
by ShelendrAgrawal
LARSEN & TOURBO SHORT-TERM SWING TRADE!Hi everyone, Larsen & turbo short term swing trade consider buy above: 1,910, targets: 1,980/2,010. stoploss: 1,880. LOGIC BEHIND TRADE: Stock has bounced from it`s daily support between (1,765-1,735) & formed doubble bottom, recently stock has given breakout of it`s neckline resistance and buying on pull back makes good RR. (Targets identified from harmonic xabcd pattern level 1.131) stoploss is taken previous swing low. NSE:LT
NSE:LTLong
by UnknownUnicorn30938178
1
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
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)
NSE:LTLong
by Santosh_A_Chavan