Hi, I bet most of you would be familiar with this pattern and some of you might have even traded it. I would still not name it here and look for your answers in the comment section below.
Action near resistance zone
You can see that the stock has been in a strong uptrend but faced a resistance near 3700 zone or level A(see chart). Observe heavy volume gap down...
LARSEN & TOUBRO - LT
LT gave good Cup and Handle Breakout breakout with WeeklyBullish candle
CMP is 3763.
I'm seeing a good swing trade with around 10-12% gains from here.
I will add more positions if getting 4200-4300. My stoploss would be below 4680-4675
I'm expecting a recovery till 4200-4300. then will add more for big target
Disclaimer - Do not...
NSE:LT
Stock closed above ATH on 28th March 2024. If drawing Fibonacci Extension taken into account of recent High and Low then the 1.618 Fibonacci Extension level comes near 4038 level. Long Position may be initiated at CMP with Trailing SL 3700 for the target near 4038 level.
LT looks like a bullish
which forms a cup handle pattern
the previous high was broken and a retest was also done
a small flag pattern also form
Entry@CMP
Stop loss@3670
1st target@4040
2nd target@4400
Disclaimer:
I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult...
Company:- Larsen & Toubro (LT)
Sector:- Engineering & Construction
M Cap:- 4.98T
Technical:- In the daily & hourly chart smart money formed "Cup with Handle" chart pattern a prepareing for the breakout. One more thing in this stock cup & handle chart pattern success probability is very high. So if you are agree with my idea then follow me and share with your...
A perfect cup and handle breakout, with retest seen in LT, can plan a long side trade. Targets can be 4000, 4150,4250 on the upside.
This is only for educational purposes, trade at your own risk
NSE:LT
Good to keep on the radar
Always respect SL & position sizing
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Trade Secrets By Pratik
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Disclaimer
NOT SEBI REGISTERED
This is our personal view and this analysis
is only for educational purposes
Please consult your advisor before
investing or trading
You are solely responsible for any decisions
you take...
Hi,
I am a noob trader and am learning price action. I could see a cup & Handle pattern and Bullish Engful in the L&T. Any Experienced trader watching this please correct me if am wrong.
Note: This is truly for Educational purposes not providing any trading tips.
Volume on daily and weekly timeframe are significant good enough.
Broken all time high with good volume, also breaking cup and handle pattern.
Good option for F&O if breaks the current candle high.
NOTE: I do my analysis, do your before trade.
Every time after Gap up, stock gives a good move.
Sustained last two gaps marked as blue.
Stock retraced 50% fib level.
Trading at ATH and cup and handle pattern at ATH.
Break out of pattern give good move.
Manange your risk. For learning purposes only
LT: CUP and Handle Formation: Prices are likely to resume it's uptrend towards 4100-4150 zone in the coming weeks, with any weakness holding above 3500 zone.
The Cup with Handle is a bullish continuation pattern that marks a consolidation period followed by a breakout. It was developed by William O'Neil and introduced in his 1988 book, How to Make Money in...
