Head and Shoulders Short trade on LTMy first ever published idea, need to wait for a TL break and a candle close below the TL, for a minimum price object of 1226
LT
Larsen & Toubro : Turbo Mode On !LT one of my favorite scrips, whether its intraday or positional this scrip performs really well (just my opinion,can be different exp for you ). Those who follow me for a while ( 6 months or so ) might be knowing about the Investment analysis we did on LT. We got it somewhere around 1100's I guess, now LT @ 1500's. Great Returns. Flashback over, back to reality...
Now we have bullish flag in LT, if we get proper breakout enter long positions with proper stops n target. If flag fails don't enter downside, for few other bullish flags we entered on downside breakout, but not this one, there is a reason behind it. Can someone predict what's the reason behind ? Come up with your reasons..most welcome...
LT: Cyphers & Channels - How to trade !Hi Friends,
We have cypher pattern (potential) in LT and the C to D leg is channeling right now. Even in the channeling we have 2 types - outerchannel (white) on current timeframe n innerchannel (red&whitelines which is 5min Intraday). So trade it as normal breakout trade but decide whether it's gonna be 15min or 5min check ur risks before entering the trade. When cypher gets completed we can take short positions in LT.
Happy Trading !
LT : Bounce Back from support zoneA lot depends on today's open whether to trade this setup or not to trade. If there is Gap down below our zone trade become invalid in LT or on bearish close - no trade. If we get pullback on 15mins to our support zone or open near our zone it will be awesome risk : reward setup to take the long trade in LT
Larsen& Toubro [L&T] : BullishFlag in Bearish trendSimple patterns are the ones which I like to trade the most, bcos they give you clear idea of what to instead of complex things. Here we have bullish flag in LT, so I expect the usual upside breakout but will take downside trade also if breakout happens otherside. We are in bearish trend also, R3 will attend his last policy meeting today, only banks will be volatile but sometimes effect will be felt allover the market.
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Happy Trading !
