LT trade ideas
Larsen & ToubroStock has broken out of of recent highs with volume spikes and now is consolidating now near support level .
A long can be initiated for a Risk Reward of 1.5
Cup & Holder pattern on L&T charts: A Good Medium Term Trade The details on chart show how the L&T share is showing a Cup & Holder pattern to take a good medium term trade for 13% update from current levels.
Expecting more upside momentumLT has given breakout on daily chart with really good volumes, expecting more upside momentum in upcoming days.
LT LT (24-July-21)
Cash Positional Buy between range 1560-1610
Target 1850 / 2000
Stop loss 1480
Reason for buy
ATH Breakout + inv. H&S Breakout
POSITIONAL L&T IDEARISK REWARD 1:2
KEEP TRAILING STOPLOSS
DO YOUR OWN ANALYSIS BEFORE PLACING THE TRADE
LT Long -Break out of Cup and handle pattern
L&T has given confirmed broke out of Cup and handle pattern on Friday (16-Jul-21)
Although LT has already made small move after the break out,but its still not very late to enter the trade. I spotted this trade only today. It will be great buy if we get this in 1-3% range of CMP (1618 on 16-July-21)
Entry - 1618-20 (Current Value or 1-3% above or below CMP - basically whatever you get)
SL - 1458 ( Low of the handle pattern )
Target - 1840 (CMP plus length of the Cup)
Inverted Head and Shoulder on WTF and Cup and Handle on DTF - LTSome Knowledge about MY patterns here :
1) Cup and Handle :
Appearance: Looks like a cup profile with the handle on the die right
Reversal or consolidation: Short-term (up to 3 months) bullish consolidation
Failure rate: 26%
Failure rate if
waited for a breakout: 10%
Average rise 38%, with most likely rise between 10% and 20%
Throwbacks 74%
Percentage meeting and predicted price target: 49% using full formation height, 73% using half formation height Cups with a higher right lip perform better, 40%
versus 35 % average gain.
mounthly breakout about to happen 12 years channel about to breakout along with inverted head and shoulder gives more attention to bullish
dyor
take trade only close above the channel
happy trading
LT - Inverted Head and Shoulders Pattern NSE:LT
LT - Inverted Head and Shoulders Pattern / Daily TF / Breakout and retracement done / Good to go LONG
LTDate : 22-July-2021 #MOH
Stock : LT
Pattern name 👉🏻 Bearish Crab 🦀
Current Market Price : 1642
Expected Reversal Zone : 1667-1672
Details:- LT have rised along with market, As per Bearish Crab 🦀 , Expect this stock to give reversal from 1667-1672 level
LT POSITIONAL TRADE - CUP AND HANDLE BREAKOUTLT GIVEN MULTIPLE BREAKOUTS ON MONTHLY AD WEEKLY WITH VOLUME
BUY ABOVE 1650, WITH SL OF 1580 FOR THE TARGET 2000 , 2200
Rounding pattern breakout on weekly Larsen ToubroRounding pattern breakout on weekly Larsen & Toubro
Larsen and turbo cup and Handel pattern break out Larsen and turbo cup and Handel pattern break out one with the short term view can buy this stock for swing trade all the levels are mentioned in the chart
LOOKOUT FOR LONG TERM CHANNEL BREAKOUT LT IS TRADING IN THE CHANNEL FROM THE TIME IT IS LISTED
A BREAKOUT ABOVE THE UPPER TRENDLINE OF THE CHANNEL CAN GIVE BIG UPMOVE
ONLY CONSIDER IT FOR SWING TRADE
DISCLAIMER
THIS IS FOR EDUCATIONAL PURPOSE
DONT TRADE WITHOUT CONSULTING YOUR FINANCIAL ADVISOR
Daily TF analysis of LTAs explained, the level of 1600 is a crucial resistance for the stock on daily as well as weekly time frames.
LT is a good stock to keep in your portfolio for long term, too.
Just for educational purpose.
Larsen & Toubro - INHS PatternNote: This is for educational purpose only. Please do not trade in F&O based on this analysis.
There seems to be an Inverse Head & Shoulders pattern bullish breakout. RSI above 70 indicates bullish momentum as well.
SL: ₹ 1500
Cup & Handle Formation with Volume ExpansionLT was largely under performing in the this bull run
now it has former nice Cup and Handle Patter, looking for the gud up move
