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LT

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.
NSE:LTShort
by Akashyadav92
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
NSE:LT
by R_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. ********************************************************************************************************************************** If it is helpful for you, please show your support and hit the LIKE button. Provide some feedback below in the comment! This would give us encouragement to keep sharing our ideas here on this platform. ###Learn To Earn### * This analysis is educational/learning purpose only. * Trade at your own risk. Trade well, **********************************************************************************************************************************
NSE:LT
by vimal.kr.pathak
4
LT looking for a Breakout soon ? Go Long above 921 ?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 above 921 for targets of 10,20,30,40 points. In long position assuming that it breaks the Green Trend line as we are entering before crossover so that might be a possible risk. ALSO, As we know supports are nothing but just psychological levels which might act or not so in case, in any case if seller get active and tries to break the support zone of 895-900 we will ride along them and enter short position with targets of 10,20,40, 60 + points. Thanks!
NSE:LTLong
by Akashyadav92