Ltfinance
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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Disclaimer : I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market. My ideas are published for learning purpose only and are available to everyone at no cost/charge.
L&T Finance Holdings Ltd Swing/Positional L&T Finance Holdings Ltd Prediction for Swing/ Posional Trading
You can enter into trade above Entry 1 level (133.5) daily close basis or above Entry 2 level (136) or at CMP.
Entry 1, 132,130,128 levels can be retest.
SLs- Below 128 , 124.5, 123.. Below day closing
Targets- 139,143,147,150,154,158,162,166,170,… (more will be updated later if need )
According to your “STOMACH” book your profit. Always maintain your risk management.
Watch Carefully – The Chart Explains For Itself.
Disclaimer:
I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
Happy trading.
About L&T Finance Holdings Ltd. –
L&T Finance Holdings Ltd. is a non-banking financial company, which engages in the provision of financial products and services across retail, corporate, housing, and infrastructure finance sectors. It operates through the following segments: Rural Finance, Housing Finance, Infrastructure Finance, Defocused Business and Others. The Rural Finance segment comprises of farm equipment finance, two wheeler finance, and micro loans. The Housing Finance segment includes home loans, loan against property, and real estate finance. The Infrastructure Finance segment comprises of infrastructure business. The Defocused Business segment consists of structured corporate loans, debt capital market, commercial vehicle finance, construction equipment finance, SME term loans and leases. The Others segment deals in the asset and wealth management. The company was founded on May 1, 2008 and is headquartered in Mumbai, India.
L&T Finance Holding Chart Analysis !!📈 L&T Finance Holding 📉
Today broke out from a Resistance Zone after testing three times and also broke out from a downtrending Trendline Zone which is coming from all time high, It means it has come out from larger bear trend however a major swing yet to crossed on closing basis.
Long time frame chart is attached below at end.
On Buy Side I am looking for Targets of 94, 99, 112
StopLoss should be kept at 75.
It offers 1:2 Risk To Reward.
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
L_TFH - Long Buildup CandidateL_TFH - Long Buildup Candidate
Buy-80-85
Sl-75
Target- 100 110 130+
It is good long candidate for short and mid term traders. The stock has bounced exact from our Half Bat pattern PRZ area.The trendline support is very important as it is holding the stock in the uptrend.
Will L & T Finance Holding Break 110!!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,