LT trade ideas
Channal Pattern formation in L&T The stock of LT formed parallel Channel on the daily charts,Entry level is above 1550 with the SL of 1490 for the target Levels of 1650-1670.
what to next ?if candle break the tradline with volume confirmation without breaking 1397 price lavel (ignor gap up opaning).than L&T ready to fly.
Moving in parallel channelHad taken good support. Wait to break the channel and resistance level market in chart for long.
If breaks support can expect some shorting opportunity up to 3%.
M views on LT. For Educational purpose. Share your views.
stable company with good returnsAwesome L&T
good brand value
buy at support
sell at resistance
previous returns are more
but waiting time is more
and there is no worry
with a stop loss can give you good returns
LARSEN good short candidatelarsen spot cmp :- 1525
Counter is having life time high resistance around 1570 to 1600 levels, short can be created around this levels,, for down side targets of 1450-1400
view gets negated above 1608 levels.
Risky players can also short in range of 1545-1560,, stoploss will be same,,
Stock LT - LARSEN & TOUBRO LIMITEDStock LT - LARSEN & TOUBRO LIMITED. intraday level for 16 march2021
LT buy at dynamic support lineBelow 1462 support , Buy at red line sell at blue lines. Even if support of red line breaks 1440 is a strong support. Long term target 1600 1800+ . Every dip buy at the red support in small quantity once support is taken
LT in Corrective StructureLT is in a Corrective Phase, following the completion of the Motive Structure. The phase is confirmed by the fact that it is contained within parallel lines. You can expect the correction to continue further. This analysis is based on Elliot Wave Analysis. This sort of corrective structure is not just in this stock, but almost every stock that has run up impulsively in this bullish trend.
**This analysis is for educational purposes only. You may choose to plan your trade based on the current phase that is forming.**
LT Looks Strong LT :
Looks Strong to move to a higher domain
Resistance breakout possibility
Long above 1577 with a SL 1560
LT - Looking good for Buy SideLT Looing good for Buy Side. Check the chart marking for more clarification.
LT watch Wait for breakout or drop among the levels.
Targets and Supports are on the charts . BUY ON DIPS
LT Sell if broke below trendlineSell if broke below the trendline and use the dotted red lines as tps
L&T- Two Way Plan***SHORT TERM ANALYSIS***
Buy Above 1485 for Target 1525-1530,
Sell below 1435 for Target 1390-1395,
(Buy /sell will trigger only on candle Closing on any of the above mentioned levels)
