LT
#Oct12 - LT (intraday+swing)The stock has been continuously testing the resistance at 915. Last day too the resistance was respected, but since the stock is highly bullish, there is chance for the breakout to happen. The bullishness will be confirmed if the resistance is broken. This is an intraday as well as swing pick from my side.
Buy above 915
Note:
Avoid the stock if a big gap up or gap down is seen
Enter after the breakout happens and not before it
Do not chase the market, i.e., do not get involved in late entries
Only enter with strict stop-loss and target
This is not a recommendation and is for educational purposes only.
always follow risk-reward and quantity management for the 100% of the times
The above mentioned idea may not work, so beware of the risk you are taking
EXPECTING DOWNSIDE BREAKOUT IN LT SOON ? GO SHORT ?LT IS CURRENTLY TRADING IN ITS VERY CRUCIAL SUPPORT AREA.
MOST OF THE PEOPLE BELIVES IT WILL REVERT FROM THIS SUPPORT AND THERFORE ONE SHOULD GO LONG.
BUT AS PER MY VIEW IF STOCK IS HOVERING AT A PARTICULAR PRICE IN THIS PARTICULAR CASE AROUND 895-905 THEN IT'S SURE THAT SOMETHING IS COOKING AND WE SHOULD BE CAUTIOUS. (MIGHT BE PEOPLE WERE RIGHT ABOVE GOING LONG)
BUT I AM PREDICTING THAT LT WILL SOON BREAK THIS SUPPORT AS SMART MONEY IS MOVING OUT OF THE STOCK ANS ITS LOSING ITS CHARM UNTIL NOW ATLEAST FOR ME :)
KEEPING IN THIS MIND ENTER SHORT IN LT IF MOVES BELOW 895 KEEPING SL AOROUND 920 AND TARGEST OF 20-40-80-160+ POINTS FROM HERE.
L&T is Making Rectangle Channel Pattern (Breakout Trade)Larsen & Toubro Limited : Construction Engineering Company ( NSE:LT ) is Making Rectangle Channel Pattern (PATTERN BREAKOUT TRADE).
This can become a very good trade for INTRADAY traders.
Target + StopLoss: There is no target here. You keep the first target as much as the StopLoss you put. And the StopLoss will be the Low/High of the candle that broke this pattern. Or Low/High swing backward inside the pattern.
And as soon as you get a profit of 0.50% of your target, you will trail your StopLoss and bring it to the entry point. And as soon as your first target is hit, you will release half of your total quantity and continue to trail your StopLoss above the last swing Low/High.
Target and StopLoss are never already fixed in the chart pattern.
Thank you.
You always have to trade only by money management, position sizing, StopLoss trailing. This is the way to stay in profit.
Chart Published By Ravinder Sharma
LT : Trade SetupNSE:LT
Hi Traders,
LT is taking support on lower band of upward price channel.
If this support is broken by it then it will start downward movement.
If it will reverse and move above previous high then will try to move higher band of upward price channel.
Entry and target level on chart.
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###Learn To Earn###
* This analysis is educational/learning purpose only.
* Trade at your own risk.
Trade well,
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Swing in LTRSI moved from 40 indicating upmove which is supported by buy signal in MACD.
Price Acttion shows reversal but the movement of 200 EMA suggests that price may face resistance once it reaches that level.
Anyway, it looks good for swing with a price range of 950-960 being the target and stoploss being below the channel.
LT Perfect Bullish Gartley Harmonic Pattern !!TREND ANALYSIS & TRADE SETUP
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
June Series Option can be tried.
Wait for entry setup, if available then Long/short.
Reward is 8-10 Times