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...
Bullish Bias and RSI giving signal on Daily TF Can be bought at CMP Target 1 940 Target 2 960 Target 3 980 Stop Loss 899
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...
NSE: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...
LT is at a very important zone... Any bounce from here can give a great short covering. Bullish WW in sight too.
RSI 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 has taken @ the pattern support. If sustains above the support, then buy on dips.
analysis mentioned on the chart
Long above 971.(Intraday) Caution : Only If Nifty Is Positive. Good Luck !!
If only if this up-move is in the motive phase up !
L&T has broken its trendline with volume. Always keep such stocks in your watchlist. In many cases such volume buzzer stocks doesnt give much movement next day. A small hurdle at 970-975. Looking at the consolidation and if all goes well LT may soon touch 1000 and above.
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