LT trade ideas
LT ka picture abhi bakki he...This scrip can be a short term jackpot ... target of 1810 is not so far.
Higher High & Higher Low Series PatternThe Stock is trading near 20 day sma along with higher high and higher low series pattern, it's indicates a strong up trend that's likely to continue in the near term. in addition, on daily and intraday charts it has formed higher low formation which is broadly positive for larsen & trurbo. on daily charts, Rs 1665 could act as sacrosanct support for the stock and sustenance above the same can take it to Rs 1850
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LT Entering the correction Phase ??Observations: wedge Pattern, RSI is flat, Reduction in volume, fake breakout.
LT , medium termShowing inverted head and shoulder pattern
from 27may 2019 to 15 july 2021,
time target 180 day with price target of2200 NSE:LT
Inverted Head & Shoulder in L&TWe can see this script has given successful breakout from Inverted head and shoulder pattern and is going towards its target area.
Perfect entry time here, within 3 months time frame we can see to accomplish the target.
Happy trading.
Thanks.
LTLarsen & toubro analysis for education purpose only
Disclaimer
i am not sebi registered analyst
my studies are for educational purpose only
please consult your financial advisor before trading or investing
Swing SetupEXPLANATION : This is a 4 hour time frame chart of LARSEN & TOUBRO , It has formed Rising wedge pattern breakout also formed head and shoulder pattern . Ideal entry is breakout and retest of Rising wedge pattern & Right shoulder of head and shoulder pattern . Enter as per your setup .
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L&T Long term ChannelL&T is at long term resistance
There can be selling pressure at this level
however if it breaks 1800 it will change its trajectory.
LT Shorting opportunity intradayvery good shorting setup
short below PDL
or can short at good price
when price reject
VERY HIGH TARGETS AHEAD Buy LT Only if it crosses 1800 level at the end of this month with a good volume improvements for good momentum ahead.
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Happy Trading :)
Head and shoulder pattern trade in L&TAfter spotting clean HEAD AND SHOULDER pattern in an uptrend entered after the retest of the breakout.
Breakout was supported by good rise in daily volume.
EMA 21 acting as a good support.
entry at- 1590
1st target- 1700
2nd target- 1800
Breakout in LTDisclaimer :- This is not any buy or sell recommendation. It is just my view on this counter. Kindly consult with your financial or investment advisor before investing.
On the daily chart of L&T stock has given a fresh breakout on Thursday from upward channel pattern. And it has been retested on it's upper channel band on this Friday and candle has closed above the channel. So, we can expect this bull run will be continued on this counter.
First support level is around 1715. And as per the Fibonacci next upside level is 2057 but this level is so far from here. So, that's why I marked on 1900 and 1975 manually for the first and second target respectively and my third target is 2057.
Thank You :) Happy Trading :) Happy Investing :) Over & Out :)
LT 1hr analysisLT has given a breakout from a wedge pattern
and it has now come to retest the upper trendline
we might be able to see the higher levels if it
sustains above the upper trendline,
entry above 1750 nd we can hold it for 10%
LT Seems BulishSymetrical Triangle breakout in daily
leads bullish momentum may continue
concentrate if price sustain above 1781 in daily
BUY BUY BUY@Thakurji46 From Trader for Trader💸 Buying the Dips and Selling the Rips #TrendAnalysis📈 #PriceAction👨💻 #ChartPattern✍️
LARSEN good short candidateCounter is on verge to complete its impulse phase of elliot wave,, on weekly time frame,,
as per time cycle combination,, time of wave1 and wave 5 are equivalent and price wise also some calculative match are seen
bearish divergence on rsi and macd,, on weekly time frame,, suggest the trend is on verge to mature,,
good fall of 10-15% can be seen in counter
good short candidate
L&T | Decent Cup & Handle visual - Looks good for 20%L&T | Decent Cup & Handle visual - Looks good for 20%
CMP : 1500 (Dip : 1460)
SL : 1400
Target : 1750 (calculated based on depth of the Cup and Fibonocci)
Almost 1:3+ risk reward setup
