LARSEN & TOUBRO BULLISH VIEWLT looks like a bullish
which forms a cup handle pattern
the previous high was broken and a retest was also done
a small flag pattern also form
Entry@CMP
Stop loss@3670
1st target@4040
2nd target@4400
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.
so please keep LT in your watchlist for long term investment.
If you like my view, do support it with a boost whitch is valuable inspiration for me to post ideas like this in future. thank you friends!
Ltlong
LT up move may continue (Analysis 27/10/22)LT stock has given a break out and has crossed 61.8% fibonnaci level on the daily time frame.
The stock was trading around its 20 DMA and consolidated for 10-12 days in a narrow range.
In the last trading session, the stock has given a 2% up move with nice volumes.
The stock has formed a nice price action pattern.
3 points confirmation.
1. Break out of the consolidation.
2. Retest of 20 DMA.
3. Closing above 61.8% fibonnaci levels.
The stock has given a nice up move and the move can continue once the stock crossing 1950.
Target :- 1978-85, 2045
Stop loss :- 1930
Intraday and swing trades can be carried in the stock.
Wait for the price action near the price level before entering the trade.
LT : Trade SetupNSE:LT
Hi Traders,
LT is taking support on lower band of upward price channel.
If this support is broken by it then it will start downward movement.
If it will reverse and move above previous high then will try to move higher band of upward price channel.
Entry and target level on chart.
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LT looking for a Breakout soon ? Go Long above 921 ?Observed that since 12th of June LT was getting very strong resistance around 900 levels as clearly seen in the chart with Red Line.
During past few sessions LT tries multiple times to break it and it does moves till 890-900 zone, but strong buy is seen and it bounces back from there.
Keeping this in mind and the present levels LT looks good for Long trade setup above 921 for targets of 10,20,30,40 points.
In long position assuming that it breaks the Green Trend line as we are entering before crossover so that might be a possible risk.
ALSO,
As we know supports are nothing but just psychological levels which might act or not so in case, in any case if seller get active and tries to break the support zone of 895-900 we will ride along them and enter short position with targets of 10,20,40, 60 + points.
Thanks!