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)
Larsentoubro_long
L&T Infotech is the stock to watch for weekly charts analysis Hello Everyone, please have a look at the weekly charts of L&T infortech showing the strength and at breakout levels, the stock can give excellant returns for short to medium terms traders, first level for very short terms traders comes to 4800, so keep enjoying. The update is only for Educational Purpose.
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
Larsen Toubro LT - Potential Bullish StrcutureHighlights:
1. Break of trendline
2. Change in Market structure
3. Volume is expanding relative to the previous sessions
P.S: This is NOT investment advice. This chart is meant for learning purposes only and is a part of my personal journal. Invest your capital at your own risk.
Larsen & Toubro InfotechLarsen & Toubro Infotech
LTP: 3665.45
Support: 3593.30
Resistance: 3780.00
Most important level with highest Open Interest
3500pe - 25950 (major support)
4000ce - 50850 (major resistance)
The price is very close to an important level, 3593.30. The candles have taken support at the mentioned levels multiple times since December 2020.
RSI is in the oversold range which means that we might see 4000+ levels again before expiry this month.
The pattern formed on the hourly chart looks like a rounded bottom which is a bullish pattern.
Daily chart does give an impression of a head and shoulder pattern but looks like the downfall should end as 3500 put has good open interest.
***looks like a buy for medium to long term targets of 4000+
Larsen & Toubro | LONG | CHART#7Price tried to break the Supply Zone at 995 for about 4 times.
At this point(4th) time, stock is making higher lows with good volume , which clearly indicates a possibility of breakout above 1000 level.
Also (20, 50)MA crossover confirmation
*IMPORTANT LEVELS to WATCH*
LONG Above 1023
SL @ 921
Target1 @ 1198 | Target2 @ 1279
Demand Zone @ 875 | Historical Demand Zone @ 662
Good Luck Investors❗
-GokulHari
LT Perfect Bullish Gartley Harmonic Pattern !!TREND ANALYSIS & TRADE SETUP
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
June Series Option can be tried.
Wait for entry setup, if available then Long/short.
Reward is 8-10 Times






















