LTF - SidewaysStock stuck between good supply and demand zones
Upside strong resistance at 150 / 155
Downside strong supports at 145 / 142 / 140
Good straddle opportunity
Any side broken will create a momentum so cautious
LTF
LTF - BullishStock at strong support area
160-163 Demand zone in hourly / daily
Wait for the right buy candle before entering
View invalid below 158
Approx next resistance 175-177
LTF rounding bottom pattern completed, next bullRounding bottom pattern is completed after some retracement can come and next bull can fire upside and long view , Stock can give easily 15 percent in next couple of months
L&T Finance Ltd - Breakout OpportunityDate : 23-Sep-2024
LTP : Rs. 184.52
Resistance Levels: (R1) Rs. 194 --> (R2) Rs. 215
Support Levels: (S1) Rs. 163 --> (S2) Rs. 159
Technical View:
• NSE:LTF is in strong primary uptrend and was recently going through it's secondary downtrend within primary uptrend.
• After touching the high of 194.25 on 2-Jul-2024, it has retraced 18% to 159.50 level.
• NSE:LTF has breakout from it's secondary downtrend with higher than average volume. Breakout is also supported by increased volume in last few sessions.
• NSE:LTF is trading above both 20 DMA and 50 DMA since last few sessions. 20 DMA has crossed over 50 DMA on 23-Sep-2024.
• RSI is trading at 65.73. MACD is trading at 2.63. Both MACD and RSI is showing positive momentum.
• Looking good for a new swing from here.
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L & T FINANCE STOCKNSE:LTF Stock clear breakout the trend and now its reversal from the retracement level of 170 rupees,
Buy above 181 rupees,
First Target 189 to 195 rupees,
Second Target 205 rupees,
Stoploss close below the trend atleast one day candle.
LTF | Swing Trade📊 DETAILS
Sector: Finance - NBFC
Mkt Cap: 42,401 cr
L&T finance Holdings Ltd is a NBFC and offers a diverse range of financial products and services such as Farm equipment finance, Two wheeler finance, Micro Loans, Consumer loans, Home loans, Loans against property (LAP), Real estate finance, Infra finance, Infra Debt Fund and other services.
TTM PE : 18.29 (Average PE)
Sector PE : 29.59
Beta : 1.51
📚 INSIGHTS
Mid-range performer
Stock with medium financial performance with average price momentum and valuation. These stocks may be affordable and are showing some investors interest.
5.17% away from 52 week high
Underperformer - L&T Finance up by 0.35% v/s NIFTY 50 up by 1.51% in last 1 month
📈 FINANCIALS
Piotroski Score of 5/9 indicates Average Financials
Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst.
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