LT | Simple triangle setup - Looks potential for 10%LT | Simple triangle setup - Looks potential for 10%
LT trade ideas
LT LONG ( TOPI CHANGED )LT has given triangle breakout in daily time frame with good volume.
Big targets are open on upside. I think this is just a trailor.
Weekly MACD is up
Weekly macd has given uptick
Daily macd has given pco and toggling near zero line.
Weekly RSI is above 60
Daily RSI is above 60
Daily stochastic has given PCO from oversold zone
Weekly ADX is strong
Daily ADX is at good level
Symmetrical Triangle BO- 1st the stock Broke the ATH and then consolidated above it in a Symmetrical Triangle
- Good BO of symmetrical Triangle with volume
- Above All EMAs
- Bullish RSI
Triangle pattern breakout in LT hourly chartChart patterns work amazingly well in markets where momentum is building. Just like current times where a counter-trend rally is ongoing. I spotted a triangle pattern being formed in hourly time frame in LT. See how beautifully it broke out.
I entered when RSI was touching 60. DId test me for a day before breaking out.
intradayboth side potential
avoid first 15min breakout
wait for 15 min candle closing
targets are marked
follow risk management
do your own analysis
do workout
do meditation
start reading book
intradayboth side potential
avoid first 15min breakout
wait for 15 min candle closing
targets are marked
follow risk management
do your own analysis
do workout
do meditation
start reading book
intradayboth side potential
avoid first 15min breakout
wait for 15 min candle closing
targets are marked
if the breakout comes after 10:00 am then the probability of winning will be more.
follow risk management
do your own analysis
do workout
do meditation
start reading book
NATION BUILDER TO BE KEPT ON RADARL&T shall be kept under close observation. VCP/Symmetrical triangle is under formation and any positive move in NIFTY will make it fly. Pl do your analysis before taking any position. This is for chart reading and educational purpose.
#LT Cash : Looks good above 2230.10#LT Cash -Positional
19.03.2023
Looks good above 2230.10
Stoploss 2190
Target 2270-2300/2340
Cmp 2212.70
LTLT looking bearish not sustain 2200 levels for intraday + 1day candlestick shooting star + majar trendline resistance multiple reason for short stock okh
i expect a trend reversal on this stockThe stock is in a uptrend for many months and reaches highs , but i think there is a consolidation in this stock now, i consider the triple top pattern levels now, today it come down its 50 EMA levels and 3 times in history its show decrease in break down of its 100 ema . in the coming days it will break down and cross 100 ema and its price fall....my second analysis
LT looks weak 1. price breached 18 and 50 EMA and today price retested 50 day EMA
2. RSI shows negative divergence
3. 12-26 and 50 -100 MACD crossed signal line negatively and 12-26 MACD is crossing below zero line
Triangle Pattern A triangle chart pattern involves price moving into a tighter and tighter range as time goes by and provides a visual display of a battle between bulls and bears.
Script = L&T
Time Frame = 1 Day
Bearish Harami A bearish harami is a two bar Japanese candlestick pattern that suggests prices may soon reverse to the downside. The pattern consists of a long white candle followed by a small black candle. The opening and closing prices of the second candle must be contained within the body of the first candle. An uptrend precedes the formation of a bearish harami.
Script = L&T
Time Frame = 15 min
L&T Head and Shoulder PatternL&T has formed Head and Shoulder Pattern on daily chart.
Entry
We can go short if price breakdowns below the neckline with strong bearish candle.
Target
We can keep target near the next support zone as marked on chart.
Stoploss
We can keep stoploss above the neckline.
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LT | Channel Continuation• Expecting channel continuation Above 2215
• Harmonic PRZ is at 2348
• Entry :- 2210 to 2215
Targets :- 2297 , 2348
Stop Loss / SL :- 2137 Support zone .
LT share analysis #harishwaveanalystLT share elliot wave analysis daily time chart complete upside 5 wave and 2 or 4 trendline break
price go down wave ABC
volume decrease
rsi decrase
macd negative
LT SHORTLT has completed 5 wave structure in daily time frame and entered in ABC corrective wave pattern. It has possibly completed A-B wave and ready for C wave on down side. LT takes support of 50 EMA in daily time frame.
Weekly MACD down
Daily MACD downtick
Daily RSI is below 40 and reversed from 60
Stochastic gave negative crossover
4 Hourly trendline has to go.
#LTAfter a massive run as an ascending wave
No_Overlap is detected.
The current wave too has multiple No_Overlaps which strengthens the structure
Crossing above 1995 leads a new sprint up
Must not cross below 1830
Update
New SL 2088
