LT 4H TF If you see reversal candle look for short opportunities if it breaks out look for long but wait for 4H candle to confirm for more accuracy.
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Larsentubro
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.
LT trading in a close range.On daily time frame, the stock is trading just near the resistance level of 1765-75.
The stock has closed just below the resistance level and 20 ema.
Once the level of resistance and 20 ema breaks, the stock can give a good up move.
Wait and watch for the chart pattern to form near the levels.
Support and resistance levels are there in the chart itself.
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.
Larsen & Toubro LtdLarsen & Toubro Ltd
gainprofit066
High : 18/01/2022 : 2,078.55
Low : 25/03/2020 : 661.00
75% : 1724.16
50% : 1369.77
25% : 1015.38
LT - Hammer at channel supportNote: This is for educational purpose only. Please do not trade in F&O based on this analysis.
There seems to be a hammer at the uptrend channel support. Moreover, relative strength is greater than Nifty index. RSI above 50 indicates bullish momentum as well.
SL: 1700
Head and Shoulder Setup EXPLANATION : This is a 1 hour time frame chart of LARSEN & TOUBRO . It has formed Head and Shoulder pattern , If give a strong breakdown and broke its Demand zone with high volumes and retest the same , I am bearish on LARSEN & TOUBRO . If give a fakeout trade with confirmations . LARSEN & TOUBRO Result on 27 Oct '21 .
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Swing SetupEXPLANATION : This is a 4 hour time frame chart of LARSEN & TOUBRO , It has formed Rising wedge pattern breakout also formed head and shoulder pattern . Ideal entry is breakout and retest of Rising wedge pattern & Right shoulder of head and shoulder pattern . Enter as per your setup .
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LT 1 WEEK BULLISH INVERTED HEAD AND SHOULDER LT CHART 1 WEEK TIME FRAME THERE IS BULLISH INVERTED HEAD AND SHOULDER PATTERN .
IT SEEMS IT WILL BREAK OUT SOON.
MY POSITIONAL TARGET FOR THIS IS = 1624
LT - Bullish BreakoutNote: This is for educational purpose only.
Post a range bound movement, there seems to be a bullish breakout with high volume. Moreover, RSI is at 70 which is on overbought zone. Hence, expecting some sideways movement post next upmove.
LT: Buy at 1317 SL 1300 (Close) TGT 1347LT has traded with volumes more than 6 times its average on NSE today with Total gain of 6.82% on closing basis. Stock is in Uptrend now with Gap-up opening today. Fresh Longs being built up today on LT.
Tomorrow will be an opportunity to enter the stock preferable around 1315 levels. I have mentioned an entry at 1317 with Stop-loss on closing basis below 1300 and a target 1 at 1347. If stock crosses 1358 further strength can be seen. NSE:LT
L&T ----- Lets Engineer Money Hi All ,
Everything on chart .
No Naked Futures or call :
Strategy :
Buy Futures and 1720 puts ,
Buy 1740 call and sell 1780 call (my choice)
Buy 1720 call (3 lots) and buy 1720 put(1 lot) (put /call ratio your choice , keep it tilted on call side)
Lets Engineer Money .
Note : Consult your financial risk adviser ,Risk of capital loss, paper trade or education purpose only.
