A double bottom pattern has been spotted on LT chart. One can go long from here with strict swing low SL or can wait for some retracement to happen. (for educational purpose only)
The key levels to watch out for trading next session are mentioned in the video. Trade as per the levels mentioned after finding a suitable candle patterns at support and resistance levels. For the accurate levels, Follow me on trading view and Insert this indicator from library or from my profile under Scripts. Happy trading.
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.