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.
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.
L&T retested the trend line, short L&T for target of ₹1326 (5.22%) Ph 6006840151
Short if crosses 1360 can go upto 1325-30 Bearish inside candle market also volatile and bearish mostly
Previous resistance and accumulation should act as 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.
LT Looing good for Buy Side. Check the chart marking for more clarification.
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.
if it is break the all time high which is strong resistance, we can have a new high .
LT At CMP(average it till 1400) SL 1280 Target 1500-1600
L&T is trading b/w a symmetrical triangle along with the support at 1343. Breakout on either side can give a good momentum.
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.
Above 1394 SL 1298 Target 1433-1500 Observed huge selling pressure
a buy on dip structure as per charts accumulation area 1245 to 1400 for 1450 , 1585 , 1603 / 1710 /1746/1819++ trail targets with 1138 positional stop loss
The price action of the stock clearly states The Trend is Bullish from past few sessions. It’s quite interesting to analyse the chart at such levels. There’s Strong probability to achieve Target 1 in the upcoming session . In spite of heavy volumes coming in, the price action has not given any specific momentum in today’s trading session, other than the opening...