LT analasis based on trendlines buy LT 2300 ce @12 sl8 target 30/50
price is on 3 month trend line and its also at support zone
rsi is at 40 support NSE:LT
LT trade ideas
LT BULLISH PENNANT VERGE OF BREAKOUT ??!!! Chart pattern looks good for the long trade with minimal risk
Bullish pole pennant formation yet to give Breakout
Nothing much to explain, As the chart explains the situation
Bright green dashed lines- Target levels
Bright red dashed line- SL
Entry can be now or after the Breakout of the pennant.
Let's wait and watch how it moves!!!
NOTE - Just sharing my view...not a tip nor advice!!!
LnT - Triangle Pattern - 3% upside potentialLnT has formed triangle pattern.
Final leg of triangle is around 2365-2370 levels. Good risk reward from this level, if moves upside.
SL: 15 mins candle close below 2360 levels.
Target: 2400 then 2460+
Note: Today results may be our during market hrs, so can be volatile, should maintain strict SL in system. or safe to take trade once it moves above 2400 levels.
L&TGet ready for some action in L&T; we should follow it can be a breakout or breakdown.
Remember to manage your risk-to-reward ratio.
L&T is at its crucial level and almost trading near a 52-week high.
Long position in LTi explain everything in video .
buy @ 2100
target @ 2400
then @ 2700
TF: 1 year
You can follow us here :
Shooting Star A shooting star occurs after an advance and indicates the price could start falling.
The formation is bearish because the price tried to rise significantly during the day, but then the sellers took over and pushed the price back down toward the open.
Traders typically wait to see what the next candle (period) does following a shooting star . If the price declines during the next period they may sell or short.
If the price rises after a shooting star , the formation may have been a false signal or the candle is marking a potential resistance area around the price range of the candle.
Script = L&T
Time Frame = 1 Day
Rising wedge breakout in LTLT has given a breakout from rising wedge pattern.
However, today's candle is an inverted hammer which might be a sign of reversal and hence, it is a wait and watch scenario.
One can enter if there is a retest and continuation of uptrend from 2250-2300 levels
Larsen chart study.Larsen spot cmp 2355
Weekly time frame
Elliot wave study
Motive phase on verge to mature.
Ascending wedge pattern formation
Counter is trading in overbought zone as per swing indicator and structure formation.
Bearish divergence on RSI with respect to price.
Time for bulls to sit on cash.
L&T : Forging a New Path to The SkiesTechnical Analysis
Chart type: Daily
Chart Pattern : Symmetrical Triangle
RSI: Above 50
Price: Above 20 & 200 SMA
View: Breakout and News
Expected Targets : 2260,2300,2340,2400
Expected Support: 2200,2160,2100
L & T Trendingchart pattern triangle breakout retested level and breaks swing high
look for more upside from here
LT - Ichimoku Bullish Breakout Stock Name - Larsen & Toubro Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 2369
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
I hope you all like my analysis.
Please do share your thoughts into comment section.
Please give a like, share & subscribe for daily analysis.
LT A Triangle Pattern under formationA Symmetrical Triangle Pattern seen under formation on charts of LT. Symmetrical Triangle Pattern is a continuation pattern and formed in either an up trend or down trend. During the up or down trend a symmetrical triangle forms as a part of consolidation with higher lows and lower high pattern. One should wait for completion of the Pattern at the narrow end, and the successful breakout in the direction of trend will confirm next leg rally. Keep watch
VIEW ON LTGood charts
Ready to make new highs
Target 2300/2330 after 2330 more up move can be seen
Stop loss 2252
I am just representing my views.
For educational purpose only.
LT LongStock Breakout of Symmetrical triangular pattern & then retested the BO region....now ready to make new highs...
ONLY FOR EDUCATIONAL PURPOSE....KINDLY DO YOUR OWN RESEARCH
Triangle pattern End of impulse . A small bull run is pending.
Once the bull run have completed then correction is gonna take place. Wait and watch the pattern formation.
I’m not a SEBI advisor. This is only for education purposes only.
I share my knowledge.
L&T For TV 1234................ ENJOY UR RIDE........ Be Patient...... If your into it for the LONG HAUL...... STOP LOOKING at it on a DAILY basis. I havent marked the waves..... YOU decide whats to happen next !!!!!
L&T Long 30 daysAccumulation zone -
Factors
1) Volume is more than average 4 times
2) Buy volume is max in this rage
3) histogram is positive
4) positive result from last 3 quarters result ( more than expected)
5) more Central Gov projects lined up for next fy year
6) 24 * mutual fund is positive for the following PE result
All-time new high will make
con
1)- 2 mutual fund holding changed (sell) in this phase
LT price actionLT weekly closing tomorrow, can possibly be highest every weekly closing. Other price action related aspect which are my observation on this chart are explained in it.
Overall looks very strong on charts
luking bullish on weekly basisLuking bullish after 4 month consolidation.
best entry price 2298 on weekly closing basis.
SL 2160
luking bullish on weekly basisL&T luking gud after 4 month consolidation.
if it gives breakout on weekly basis then we can enter.
best buying price above 2298
SL 2160
only for educational purpose
