The key levels to watch out for trading next session are mentioned in the video. Trade as per the levels mentioned after finding a suitable candle patterns at support and resistance levels.
For the accurate levels, Follow me on trading view and Insert this indicator from library or from my profile under Scripts.
Happy trading.
A double bottom pattern has been spotted on LT chart.
One can go long from here with strict swing low SL or can wait for some retracement to happen.
(for educational purpose only)
Long LT, there is inside bar formation on 15 min chart on last 2 candles and with high volume ad daily support level. Levels are metion on charts it u want to trade.
LARSEN & TOUBRO
TECHNICAL VIEW showing a BEARISH trend, But
Fundamentally it's cheap stock to BUY for the long term.
1607 STRONG RESISTANCE.
1334 STRONG SUPPORT.
Price ready to break the pattern. Wait for the close above 1414 for long.
Price after making a good fall forming a pattern to break the resistance and move further up.
In the hourly chart, we can see that Larsen & Toubro has just bounced from its support and there is a runaway gap also around 1450 levels. And in RSI we can see that RSI has downfall but the stock price doesn't decline. Take long positions for the target of 1605.
Last 10 trading days it is getting resistance at the level of rs 1400.
After breaking that level. It will continue to rally up to rs 1450
Disclaimer;- just for educational purpose only.
