NSE:L_TFH
Trade Setup for 25-04-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or...
LTFH --- CMP 88.
Long Trendline BO since 2018 highs. Weekly Time Frame
Marked the targets in short term.
Need to close above 115 for next target of 150 and then 170
Channel breakout + Retest Done + 50% Fib retracement tested + RSI @ 56 = Good buy with a great R:R .
Don't buy asap ; wait for some duration as market has gone up without making a red day, so have patience and buy when price comes near buying zone.
Target 1 and 2 are easily achievable but Target 3 is a little hard so book 60% till tgt 2 and let the profits run...
L&T Finance Holding Seems have been completed Wave B in a double Zig-Zag corrective pattern, and now in a mode to form a Wave C in an impulsive form. Impulsive Wave assumption for C Wave completion is drawn on chart in white lines as i, ii, iii, iv & v. May be very early to predict as Still a B Wave can in in existence and more combination of triangle or flat can...
short below 75 in Intraday
For stoploss in Intraday use 5 minute chart and see nearest resistance.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis
NOTE: For Gapdown or bd before...
L&TFH forming right Shoulder with neckline support -85.
Target1: 102
Target2: 124
If Breaks support of Neckline 85, Next Support level @78 & 73
Note: This analysis is only for educational purpose.
On Weekly Chart, the share with a support level at 84 bounce back and today it breaks important resistance near 92 which make it a clear way
For Short term
100 rs target with stop loss 84.
For Long term
120 rs target with no stop loss. Time duration 3 to 6 months,
L&T Finance Holding (LTFH)
CMP - 93
Stop - 80 on DCB
Expectation -
T1 - 125
T2 - 200 , Review at 125
Expected Holding Period - 60 trading days or earlier for T1
Ideas being shared only for educational purpose
Note: This is for educational purpose only.
There seems to be an unconventional bullish engulfing of last 8 sessions with high volume. This indicates today's price has engulfed the price action of last 8 sessions. RSI above 65 indicates bullish momentum.
Hi Investors,
L&TFH looks beautiful with perfect pull back candle at 4-years RTS line which was broken last month with the volume.
I hope you will benefit from this knowledge
-MetaVish
![L_TFH: Simple Trade Setup | L&T Finance Holding| 25-04-2022 [INTRADAY]](https://s3.tradingview.com/p/PHeUSm1x_mid.png "Simple Trade Setup | L&T Finance Holding| 25-04-2022 [INTRADAY]")
![L_TFH: [Positional] LTFH Triangle Breakout](https://s3.tradingview.com/3/38IeGx5I_mid.png "[Positional] LTFH Triangle Breakout")
