So, L&TFH is in rangebound from so many previous day.
Now the point where stock can break or reverse, stock is making higher high and higher low from 13th of July.
If Stock break the level of 95.70 then we can see the target between 100-110.
You can take the position in this trade at the level of 96.
What's your view on this comment below in the box.
Lets drill down to weekly time frame
Price gave a pullback and trying to move in a channel
EMAs acting as support
200Day EMA may act as a resistance for time being
we need a weekly close above 95.35 or 96 so that the stock can move up freely
levels are marked in the chart for positional targets
RSI divergence on Weekly time can be observed along with the same...
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,
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.
L&T Fin Holding is trading in a flag pattern and might give a breakout 1 or 2 days. If it break above 105 then it could move further to 113-115 levels. Lets see whether the view holds or not.
Disclaimer: - These views are for educational purpose only and not a recommendation.