LT
We are looking at weekly charts of LT
Charts reveal
1680-1658 and 1615-1593 as important levels on the downside
The zone around 1600 acted as Resistance in 2019, Feb 2021 and June 2021 before seeing a Breakout in July 2021
On any further dips the stock could provide better Risk::Reward ratio to go long.
Take care & safe trading...!!!
LT looking really good for long. Trading in a channel and an uptrend from a long time, recently gave a breakout and now taking a breather before continuing the rally. Volumes are also intimidating. Holding the ground beautifully. Have already a long position, will pyramid as it breaks this 2-3 range. Also good stock for long term.
Goodluck:)
L_TFH - Long Buildup Candidate
Buy-80-85
Sl-75
Target- 100 110 130+
It is good long candidate for short and mid term traders. The stock has bounced exact from our Half Bat pattern PRZ area.The trendline support is very important as it is holding the stock in the uptrend.
Larsen & Toubro Ltd. is ready to breakout and move upwards if it retains 1920 on closing basis.
On Daily Chart it is both (Adaptive Relative Strength)ARS & Static Relative Strength(SRS) Positive.
Relative Strength setup as per @premalparekh #RSWarriors
Note: It is not a trade ideal. Just for educational purpose.
Consult your financial advisor before...
NIFTY 50 EOD ANALYSIS 27-10-21
In this post, I talk about the analysis for the day and the trading range for tomorrow. The video discusses with the help of the charts how the indices as well as leading stocks performed during the day and their likely play tomorrow.
The Insights & Observations section carries links to my tweets that were posted during the day...
NIFTY 50 EOD ANALYSIS -05-10-21
In this post, I talk about the analysis for the day and the trading range for tomorrow. The video discusses with the help of the charts how the indices as well as leading stocks performed during the day and their likely play tomorrow.
O 17661.35
H 17833.45
L 17640.90
C 17822.30
EOD +131.05 points / +0.74%
CHART BASED...
EXPLANATION : 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 .
If you like this analysis give a Like // Follow for more updates , let me know...
A Breakout has happened in LTI . We can expect a huge buying pressure in this stock in the coming weeks . Hope , LTI will create great returns for it's investors .
LT bullish ??
Reasons/Traits :
• Channel pattern breakout seen today
• 1.618 Fib level breakout seen
• Bullish since April
• Good strength in RSI and strong uptrend is seen
• Price is making higher highs
• Perfectly following uptrend wave
• 3 times earlier price tried to break the channel, now 4th time trying to break
• Price making higher highs
What can happen...
LT is rising in a Wedge pattern. Soon after the trendline breakdown and a retest, a consolidation will happen with a Target of 150 points.
Please share your valuable feedback.
As we can see here its forming S ymmetrical Triangle which high probability of Bullish Breakout .....
Second Reason i choose this stock becuse of how the false breakdown happend and after that sharpe recovry... and took Support FROM 50 EMA
Now if it break the trendline and sustain above its resistance then we will initiate BUY
Buy Above - 1700 (Closing...
NIFTY 50 EOD ANALYSIS -27-08-21
IN SUMMARY
O / H / L / C
16642.55 / 16722.05 / 16565.7 / 16705.2
H-L = 157 points
VIX 13.41 / -0.96%
FII DII: +868 Crores
Likely open: Positive but may get sold into and then recovery is likely.
CHART BASED CONCLUSIONS
NIFTY not only ended the day but also the week at a record high of 16705.2.
It has made a higher high,...
