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LT

LT : Upar Jaane ka RaastaLT is back in its value area after a downward dip breaking the trend line. Please See linked ideas for details. Key levels are marked on chart for the upward movement and positional trades. The stock saw short covering when it touched 900 leading to an immediate rebound. The OI Status as on Friday is over 20 Lakh open interests for 950 (5Lakh) to 1000 levels (10Lakh) with 900 being the support (3Lakh). So there is a definite bullish bias to the stock. Positional Intraday Ideas: Go long above 930 for 945, 965, 980 with SL at 910; Trail SL after 945 P.S. You will need to zoom out to see the long term FIB retracement levels for key supports and resistance levels.
NSE:LTLong
by raj_rishav
LT - Price Action Continues The stock is trading handsomely in the price action value area with a value price of 945. We saw a bullish breakout move towards 970 yesterday only to dramatically reverse. Intraday ideas for Friday: Buy above 950 for 955, 960, 970, 980 with SL at 940 Short below 938 for 930 with SL at 945 I would prefer taking long trades only myself due to another linked idea talking about support trendline ( highway projects ban). The stock again took support on the trendline today ! A break below may be a huge breakout to 910 levels too but it’s seen strong support so far.
NSE:LTLong
by raj_rishav
LT : Price Action LT is back in the price action value area as I had discussed in one of the earlier posts. It has also taken support from the trend line as indicated in another post and the sentiment remains bullish for it to cross 1000. The ban on Chinese firms in different infrastructure sectors should definitely help the move up. The stock closed the week at its value price of 945 The key resistance for the upward movement are 955 and 980, while key support levels are 940 and 930. Value areas always make ideal candidates for scalping. Thats what I would look to do. Positional trades can be taken as: Go long above 955 for 975-980 levels with SL at 945 Short below 940 for 930 with SL at 945.
NSE:LT
by raj_rishav
2
L&T: Buy for Medium to Long term & Strategy for Short termL&T Those who are looking for investment ideas with a medium to long term perspective can look at L&T for targets of 1040 - 1120 levels. Levels are mentioned in the chart. Alternatively for a short term trading idea one may also consider the following strategy for L&T Consider selling L&T 30 April 2020 Put Option Lot size :375 Strike Price: 740 Sell Price: Between 35 - 40 Max profit in the strategy Rs 13125 - 15000 Time frame: till 30th April 2020 The strategy has an in built protection against loss for a fall in price in L&T up to 705 - 700 levels till 30th April 2020. It's your hard earned money that you are trading with... Do take care of it...!!! Happy & safe trading...!!!
NSE:LTLong
by indiamarketoutlook