cmp 3463 as shown may retest the zone and break the neckline. sell on rise preferred. NOT A TRADING IDEA FOR EDUCATIONAL PURPOSE ONLY
A couple of weeks back I shared this idea about Head & Shoulder pattern breakout in L&T on a weekly/ daily time frame. The breakout is now confirmed weekly as well. Ride it. All the best!
NSE:LT IT IS SWING TRADE The stock is at life time resistances This is for education only
LT has broken a long trendline of over 3 months and also retesting now. It is good bet to buy for a duration of 10-30 days . RSI is also above 50. Target , SL and buy levels are mentioned in the chart. NSE:LT
Channel breakout + Retest Done + 50% Fib retracement tested + RSI @ 56 = Good buy with a great R:R . Don't buy asap ; wait for some duration as market has gone up without making a red day, so have patience and buy when price comes near buying zone. Target 1 and 2 are easily achievable but Target 3 is a little hard so book 60% till tgt 2 and let the profits run...
Elliott Wave Pattern Recognition - LT - 2020-21. Seems to be entering the corrective phase C right now.
LT could breakout of this triangle pattern. clb above 1770. keep in you radar.
L&T trend BO, can buy small qty now and add more near 1330 on bounce SL 1295 T 1430, 1510, 1570 TSL above 1580