L&T LOOKS GOOD TO BUYLT looks good to buy for intraday, as well BTST
buy around 1460
SL 1435
Target 1480,1500,1520
LT trade ideas
LTNew at this just for my records.Invest at your own risks.
Sl 1450
Targets in purple line. Near targets 1480 1500 1520
Good risk reward ratio
LT :: L&T will shoot like a bulletIn the hourly chart, we can see that Larsen & Toubro has just bounced from its support and there is a runaway gap also around 1450 levels. And in RSI we can see that RSI has downfall but the stock price doesn't decline. Take long positions for the target of 1605.
Looking good for long termYou can accumulate till 1420 and keep weekly closing SL 1320 for next breakout above 1595
LARSEN TOUBROLT has activated a Bearish Ichimoku C Clamp in daily time frame. It could retest 1450 provided it does not move above 1575.
Larsen & ToubroLarsen & Toubro
long above:- 1575
short below:- 1500
1500 to 1575 condolidation zone
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Please LIKE you are convinced with my explanation, if not let me know in the comment section. I am eagerly waiting for your reply whether it good or bad just reply to this article.
Thanks for reading.
follow:- @GKS_TEJA
follow:- @GKS_TEJA
follow:- @GKS_TEJA
Disclaimer:- It's just for educational purposes.
CautionLT after a big rally showing signs of weakness for first time. Near 1600 levels price rejection is seen. Despite the government announcement on infra sector spending, price is too good to believe. To me it looks like a possible mean reversion candidate.
Below 1516, it can retest 1387 levels. Would not be a bad idea to create a hedged short with 3 sigma cover on upside for March series.
No hedge, no short. I would like to short 1600 CE for Feb. And then convert it to a hedged short trade in March when the next series options become liquid.
Stock looks weak below 1325NSE:LT
Stock has been trading in a parallel channel for almost all of Jan and yet RSI & MACD has also given a clear divergence over the same period.
A decisive break below 1325 and the stock might correct towards 1300/1275/1250
All ideas shared are for educational purposes.
Flag Pole structure : LTPost is for educational purpose only. Please consult your financial advisor before taking any trading decision. Always use a stop loss to minimize your risks.
LTstock after a huge up move now trading inside a range
a decisive break above the range might take the stock
towards 1695/1725 levels
Larsen & ToubroLarsen & Toubro reversal zone areas.
.
To make it simple I mentioned all-important levels in one picture, make sure that to watch carefully.
Please LIKE you are convinced with my explanation, if not let me know in the comment section. I am eagerly waiting for your reply whether it good or bad just reply to this article.
Thanks for reading.
Disclaimer:- It's just for educational purposes.
LT Following The Parallel channel ( Support & Resistance)LT Following The Parallel channel ( Support & Resistance)
