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LARSEN & TOUBRO LTD.LARSEN & TOUBRO LTD.LARSEN & TOUBRO LTD.

LARSEN & TOUBRO LTD.

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LT trade ideas

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!
NSE:LTLong
by Ashokdyavan123
LT- A bullish pattern & AnalysisHi, I bet most of you would be familiar with this pattern and some of you might have even traded it. I would still not name it here and look for your answers in the comment section below. Action near resistance zone You can see that the stock has been in a strong uptrend but faced a resistance near 3700 zone or level A(see chart). Observe heavy volume gap down in January from this level and the stock took almost 2months to finally get through 3700. The second reaction The stock reacted for the second time from 3700 in the first half of March but could not break the low B. Rather it made a higher low C and then broke out of A. Retest of an important zone The stock is pulling back to 3700 to test if any supply is still there. If 'holds' here, we can expect 4000 or 5000 psychological level or may be higher if there is overall market support. Another simple method used by most traders is to measure the height of this pattern, that is from A to B and then add the number to A. This will give a probable figure 4150-4200. Simple is not always easy Hold near 3700 means a bullish candle, which should be enough to take the trade. It could be a Doji, Hammer, Marubozu etc. Bearish Scenario The opposite scenario could be that the price pushes strongly below 3700 again, which might turn the tables for a bearish action. #For any bearish opportunities, one should wait for price to actually trade below C and then show further weakness (weak pullbacks etc. on the upside). I hope this idea added to your knowledge. Don't forget to press🚀 and name the pattern or your experiences with this pattern below💬 Enjoy the new chart type (Volume candles) on TV⚡
NSE:LT
by Bravetotrade
17
You can add this stock in your watchlist for short term trading.Company:- Larsen & Toubro (LT) Sector:- Engineering & Construction M Cap:- 4.98T Technical:- In the daily & hourly chart smart money formed "Cup with Handle" chart pattern a prepareing for the breakout. One more thing in this stock cup & handle chart pattern success probability is very high. So if you are agree with my idea then follow me and share with your friends. Disclaimer:- Dear follower before taking any trade do your own analysis and consult you financial advisour.
NSE:LTLong
by Pro_Trader_Club
L&T: Cup & Handle FormationLT: CUP and Handle Formation: Prices are likely to resume it's uptrend towards 4100-4150 zone in the coming weeks, with any weakness holding above 3500 zone. The Cup with Handle is a bullish continuation pattern that marks a consolidation period followed by a breakout. It was developed by William O'Neil and introduced in his 1988 book, How to Make Money in Stocks. As its name implies, there are two parts to the pattern: the cup and the handle. The cup forms after an advance and looks like a bowl or rounding bottom. As the cup is completed, a trading range develops on the right-hand side and the handle is formed. A subsequent breakout from the handle's trading range signals a continuation of the prior advance. Trend: To qualify as a continuation pattern, a prior trend should exist. Ideally, the trend should be a few months old and not too mature. The more mature the trend, the less chance that the pattern marks a continuation or the less upside potential. Cup: The cup should be “U” shaped and resemble a bowl or rounding bottom. A “V” shaped bottom would be considered too sharp of a reversal to qualify. The softer “U” shape ensures that the cup is a consolidation pattern with valid support at the bottom of the “U”. The perfect pattern would have equal highs on both sides of the cup, but this is not always the case. Cup Depth: Ideally, the depth of the cup should retrace 1/3 or less of the previous advance. However, with volatile markets and over-reactions, the retracement could range from 1/3 to 1/2. In extreme situations, the maximum retracement could be 2/3, which conforms with Dow Theory. Handle: After the high forms on the right side of the cup, there is a pullback that forms the handle. Sometimes this handle resembles a flag or pennant that slopes downward, other times it is just a short pullback. The handle represents the final consolidation/pullback before the big breakout and can retrace up to 1/3 of the cup's advance, but usually not more. The smaller the retracement, the more bullish the formation and significant the breakout. Sometimes it is prudent to wait for a break above the resistance line established by the highs of the cup. Volume: There should be a substantial increase in volume on the breakout above the handle's resistance. Target: The projected advance after breakout can be estimated by measuring the distance from the right peak of the cup to the bottom of the cup.
NSE:LTLong
by TradingSutra