Ltfinanceholdings
L&T Finance Holding SL 80/82Lets 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 Relative has also entered into a positive territory
Stock is clearly taking support at 200Day EMA
We also have Anchored Vwap support
Avg volume is also looking good
Trying it make volatility compression pattern i.e. VCP pattern
The overall price structure needs to be understood and its looking nice over here
Formation of Flag in L&T Fin HoldingL&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.
L&T Fin. Holdings H & S Pattern !!TREND ANALYSIS & TRADE SETUP
HEAD AND SHOULDER PATTERN !!
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
Wait for entry setup, if available then Long/short.
Reward is 7-8 Times