Larson and tuobro Elliot wave Analysis #harishraoytlarsen toubro complete 5 wave upside use 2 or 4 trendline profit book
larsen toubro price go down wave (A,B,C)
Toubro
LT : Lanes of Line to the South !Fine, though its just basically by trendline break in LT, we should look for risk-reward. Bcos, a decent risk-reward is must even for mediocre tradeplan. Trendline break & entry of shorts in LT can sound mediocre, but the decent risk-reward is icing on cake. Check with your trade plan & enter only if it suits you !
LT: Cyphers & Channels - How to trade !Hi Friends,
We have cypher pattern (potential) in LT and the C to D leg is channeling right now. Even in the channeling we have 2 types - outerchannel (white) on current timeframe n innerchannel (red&whitelines which is 5min Intraday). So trade it as normal breakout trade but decide whether it's gonna be 15min or 5min check ur risks before entering the trade. When cypher gets completed we can take short positions in LT.
Happy Trading !
