Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
Observed that since 12th of June LT was getting very strong resistance around 900 levels as clearly seen in the chart with Red Line. During past few sessions LT tries multiple times to break it and it does moves till 890-900 zone, but strong buy is seen and it bounces back from there. Keeping this in mind and the present levels LT looks good for Long trade setup...
Please refer the linked upar Jane ka raasta idea for Fib retracement levels. Positional trades: Buy above 916 for 924, 930, & 940 with SL at 904.5 If it sustains 940 on hourly chart, can see further upswing to 965, 980 & 1000.
Sell only below 904.5 for 900, 895, 880 with SL at 910 Long above 924 for 930, 940, 945 with SL at 910 Sustaining over T2 on hourly time frame will open targets of 965, 980, 1000 with SL at 930 - See the linked idea for details.
LT is back in its value area after a downward dip breaking the trend line. Please See linked ideas for details. Key levels are marked on chart for the upward movement and positional trades. The stock saw short covering when it touched 900 leading to an immediate rebound. The OI Status as on Friday is over 20 Lakh open interests for 950 (5Lakh) to 1000 levels...
Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
LT saw a long term support line getting breached today after 6 consecutive bearish sessions. It closed just above the support at 930 and is at a crucial level. If it breaches 930 (closes below on the 5 minute candle) with NIFTY bearish: Short for 910 with SL at 945. Take long positions only above 945. Scalp in between. The shorting idea won't hold true for...
NSE:LT (FOR LEARNING PURPOSE ONLY) Price above 100 EMA & 50 MVWAP ADX is rising & above 30 Expanding volume on up movement & Declining volume on down movement ENTRY BUY WHEN PRICE CROSSES & CLOSES ABOVE 990 (WITH EXPANDING VOLUME) TARGET 1150
The stock is trading handsomely in the price action value area with a value price of 945. We saw a bullish breakout move towards 970 yesterday only to dramatically reverse. Intraday ideas for Friday: Buy above 950 for 955, 960, 970, 980 with SL at 940 Short below 938 for 930 with SL at 945 I would prefer taking long trades only myself due to another linked idea...
LT has been trading in the Price Action Value Area referred before in the linked idea. It's showing the Elliot Traingular Bullish Consolidation It may be a good idea to enter long positions
Can Take trade if this trend line gets broken. Keep your sl according to your risk capacity.
LT is back in the price action value area as I had discussed in one of the earlier posts. It has also taken support from the trend line as indicated in another post and the sentiment remains bullish for it to cross 1000. The ban on Chinese firms in different infrastructure sectors should definitely help the move up. The stock closed the week at its value price of...
Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
INTRADAY TRADE IN LT(LARSEN) SHORT@885 STOP@895 TARGET@875 !!please note trade with caution!! !!manage your risk!! !!trade-wise!! !!please adjust for future rates!!