LT - Where is it headed ?LT is looking strong. I t has been consolidating for a while. RSI and volume both showing strong profile. 967 visible on short term basis.
LTO trade ideas
L&TA classic Cup pattern formation & stock at support of 1460, indicates after a confirmation candle 1st target is its previous resistance of 1572 & once this target is achieved a Cup pattern will be formed on Day charts. Next target after a breakout should be 1726. If you are planning to enter now, enter with the SL of 1307, Risk-Reward is favorable now since the stock is at its previous support.
L&T BULLISH , cup and handle L&T cmp 1476 sl 1447 target 1561
this is for educational purpose please do your own research before entering
LT at good value areaNSE:LT
LT is sitting at a good support area after a major profit booking. Good place to go long with good risk to reward. accumulate on the next major dip with SL at 1448 target 1579
Larsen and Tubro (Cup and Handle) Retest 1460 I think it will retest the 1460 level and then move up.
LT demand zone trade setupEntry-1468.10
SL-1448
Safe Target-1508.10 or might be life time high if market support.
LT : Ready for breakoutLT ready to make new ATH.
Trendline support + 20sma support + Perfect retracement from 61.8% fibo level.
Swing Opportunity in LarsenGo Long above 1519.6 for Targets of 1561.2, and 1602.8 with SL 1478
Reasons to go Long :
1. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.382 Fibonacci level.
2. A bullish candlestick pattern, Bullish Hammer (marked with an orange circle) is formed at 0.382 Fibonacci level.
3. The stock was facing resistance from the trendline earlier and now after giving breakout, the trendline is acting as a support.
L&T Weekly breakout Buy above 1600
Stop loss - 1475
target for at least 1:2
Its been in consolidation for more than 3 years. A breakout above 1600 may trigger the faster momentum for L&T with strict stoploss.
LarsenLarsen at a very critical support of 1500.
One can expect a bounce.
1500 PUT also holds highest open Interest which makes it interesting as well.
SHORT TERM remain bullish till trading above 1500
Bearish once it starts to sustain below these levels.
Larsen and Tubro - Retest 1500 Charts suggest that Retesting 1500 and taking off to higher highs. Watch for Price action at 1500. If breakdown happens then 1450-60 could be a possiblity.
LT_short term opportunityLT can show bullishness if it breaks the trendline with good volume.
(for educational purpose only)
LT looks good to buyLT is at an important level, breaking that level continues the uptrend and we can expect a huge move
