LT trade ideas
LT a buy on dip structurea buy on dip structure as per charts
accumulation area
1245 to 1400
for
1450 , 1585 , 1603 / 1710 /1746/1819++ trail targets
with 1138
positional stop loss
Larsen & Toubro, Stock Ready to perform?All observations noted on chart.
Expecting a good move here.
Not a trading bet , Looking on a long time horizon.
LT ANALYSISjust marked an important level analyze by your own what can price's behavior be from this level onwards..
L&T ready for a leg up!!L&T is at a confluence of 2 major support, with today's delivery percentage above 50% there is a good chance it is getting ready for a leg up. As long as it holds its support mentioned in the chart it can go to 1380 & 1400 levels.
LT 11/1/21 MondayThe price action of the stock clearly states The Trend is Bullish from past few sessions. It’s quite interesting to analyse the chart at such levels. There’s Strong probability to achieve Target 1 in the upcoming session . In spite of heavy volumes coming in, the price action has not given any specific momentum in today’s trading session, other than the opening gap up. There’s definitely accumulation going on which will result in heavy bull rally in coming sessions. Till then Target 1 and 2 are reasonable prices one can trade for . On intraday TF ,price has tested support on 16 EMA ,which is close to the support zone . Before initiating the trade check for the trend and whichever signals you rely on . TRADE WISELY AND SMARTLY
L&T looking good on chartsAfter triangular breakout stock is looking good on charts closed above ema 200
One should start accumulating big move can be expected above 1188
Target -1359
stoploss-1080
(short term)
A good push needed nowA good closing above 1309 will take it to the next level. There are a series of obstacles and will break out above 1500.
EW - 5th W in progression - A,B,C Correction complex.Elliot Wave for LT, 5th Wave probability at 1403/1462 by using extensive fib ratio for targets 1300 and abc correction can 1105 nearby.
Watch closely the "W" pattern & Fib Ratio on LT!
L & T - Ascending channel pattern formation at monthly TF(Long) LARSEN & TOUBRO (L&T) - Ascending channel pattern formation at monthly time frame
Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.
Disclaimer : All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
