L&T Fin holdings has broken above a falling trend line after bouncing off a previous support level. Buy: L&T Fin Holdings CMP: 97.50 Target: 110 Stop Loss: 93
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,
Buy L&T Finance at 90.50 to 90.60 Stoploss 87.50 Target 97 Study: Sructure Breakout + Retest Zone
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...
L&TFH 1 MONTH TIMEFRAME TRENDLINE BREAKOUT
LTFH EQUITY levels ...12/05/2021 (D candle)
LT Fin is trading between long term resistance and support on monthly charts forming a small symmetrical triangle. we can long or short depending on breakout on either side in coming days.
L&TFH is coming out of consolidation of more than 3 years and with the improving economic situation, the stock surely has 60% of upside left.
Initiate Long. Target : 106 Stop Loss : 93
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.
L&T FINANCE IS READY FOR INVESTMENT FOR TILL NEXT DIWALI 2021 AND CAN SEE LEVELS OF 90-120 IN NEXT 6-8 MONTHS LEVELS ARE MARKED ON THE CHART
Initiate Long on L&T Finance Holdings. Target : 74 Stop Loss : 66.50
Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
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