L&T WeeklyLT Reacting to Harmonic level though there is buy back announcement @3200 let see how prices react further
LTO trade ideas
L&T BearishFabulous structure of reversal
Expected to come down till 2576 Fib ret 0.5 level
If daily candle closes below yesterday’s low then can see good downward movement
L&T turns ex-date for buyback; zooms 4% L&T turns ex-date for buyback; zooms 4% on raising buyback price to Rs 3200
The company has revised the buyback price upwards from Rs 3,000 per share to Rs 3,200 per share
Shares of Larsen & Toubro (L&T) rallied 4 per cent on the BSE to scale a fresh high of Rs 2,998 in Tuesday’s intra-day trade after the company revised its buyback price upwards from Rs 3,000 to Rs 3,200 per share.
At the same time, maximum no of shares to be bought back has been reduced to about 31.2 million shares from about 33.3 million shares earlier. The revised buyback represents 2.22 per cent of the paid up equity share capital of the company.
L&T Daily TFAfter a consolidation of 1.5 months L&T trying to break out above the
10 months old horizontal TL with good volume.
Waiting for a close above 2095 to go long.
L&T: Bullish outlookTechnical analysis of L&T seems bullish. It breaks triangle pattern and made a move. Today's (23/08/2023) move is an exception. I thinks this is an anticipation of Chandrayaan 3 landing, where L&T components are used.
LT (Larson & Tubro ) again a second opprtunity to buyLT (Larson & Tubro ) again a second opprtunity to buy
earlier triangle breakout and successfully achieved the target again testing the breakout level
so risk reward is very favourable again one can long with previous stoploss
please check below link of LT
L&T Daily Analysis Buy CMP 2193 Targets 2247- 2282- 2355- 2385L&T Daily Analysis Buy CMP 2193
Targets 2247- 2282- 2355- 2385+
Add more if you get @ 2050-2080
Sl below 2000 candle closing basis
L&T - Order momentumThe one stock in the largecap space showing super momentum based on the future.
The govt is on an all our infra spree at the start of the countdown to 2024 elections.
L&T has turned its focus back on India where margins have improved compared to years ago..Now infra players don't want to be the cheaper..but work in a sustainable margin as well..
Long above 2640 with a stoploss below 2550.
Does LT will break resistance As Per technical Analysis LT Will try to face Resistance 2680-85 Level if its break then we can see Upside move but as per OI Data and Other Analysis Looks Like if Its break 2640-35 Level then we can see 2610-2600
If you are ready to take risk then go with 2660 PE
Buy Near 34-35, Stop Loss 25, Target 60,75
Time Frame = 5-7 Days
Only For Educational Purpose.
L&T Head and Shoulder target achieved weekly tfI had posted a long term buy opportunity in L&T. Long term because the head an shoulder pattern had formed in Weekly time frame. See how beautifully the stock has touched the target and still running string. Next target is double the first target. I will keep the stock with trailing SL below the 10 monthly moving average.
LnTBreakout in LnT
I am trading with Option Creadit spread.
Sell 1x 27JUL2023 2520PE - ₹ 60.15
Buy 1x 27JUL2023 2420PE - ₹ 20.1
Max Profit 12000/-
Max Loss 18000/-
Breakeven 2480
Prob. of Profit 54%
LT looks bearishAs Per Technical Analysis and Volume Analysis Mention Stock looks Bearish If its break 2608-2605 Level then Probably We can see 2595,85 level.
Buy LT 2600 PE Near 26, Sl 21, target 32,38
Only For Educational Purpose.
Sell formation wait for red candleSell
stop loss 2595
after confirmation red candle
Sell 100% till 2503
Buy 2504 for only scalping
Profit booking soon above 2504
It may be come at 2404
BulishMaybe nr7 break out, veru good ACUMLATION @ 2400/2450 levels, if sustain near 2480/2500 we can see huge upside
LT look Bearish As Per Technical Analysis LT Looks Bearish if its break support Level of 2440-30 level then probably we can see 2380 ,2350 level
we can go for Hedge Position
Buy LT 2480 CE Near 36-37
and sell LT future Near 2475-77 Level Stop Loss 2500
Investment required 42000
Maximum Loss 6500
Profit Upto 13000
Only For Educational Purpose.
Weekly H&S pattern target about to be achieved in L&T The pattern which started weeks back is now about to give the fruit. Look at the chart of L&T. How beautifully the chart broke out of the Head and Shoulder pattern and now is about to give the target. Patience and sticking to 1 pattern is the key to technical analysis.
LT INTRADAY TRADELong LT After the BO OF TL above 2404 TGT 2410-12-15. SL 2395. Looking momentum in stock . wait for the entry .
LT 4H TF If you see reversal candle look for short opportunities if it breaks out look for long but wait for 4H candle to confirm for more accuracy.
Please follow me for more such trades and also checkout my previous analysis.
Flag Pattern Breakout in L&T 📊 Script: Larsen & Toubro
Key highlights: 💡⚡
📈 On 1 Hour Time Frame Stock Showing Breakout of Flag Pattern.
📈 Strong Bullish Candlestick Form on this timeframe.
📈It can give movement upto Breakout targets of 2525, 2565 and Final 2600+.
📈 Can Go Long in this stock by placing stop loss Below 2460 or last swing low.
Larsen case studyLarsen spot cmp 2480
Weekly time frame
Elliot wave study
Counter is trading in last leg of motive phase which might mature around current levels.
v of 5 is in play,
Ascending wedge pattern indicate counter is overbought as its trading above structure.
RSI and MACD have bearish divergence with respect to price.
Last week counter made high of 2483 levels and today it made high around 2493 levels,
As per measured move wave 5 should mature around 2500 levels
so till counter does not give weekly close above 2500 levels , long should be cautious..
Counter have out performed rest of the counter in this last rally of over all market.
Now its time for counter to give away.
Keep watch, if this study pans out counter can give good fall going ahead.
Larsen & Toubro -BuyAfter being one the star performer of 2020 -2021, the stock underperformed for 6 months. Now the tide has turned again and the stock broke of its all-time high around 2070 and which has now turned as a solid support and has been tested multiple times. The breakout looks more genuine and there are multiple triggers that hint the same
Technically one can buy the stock at 2475 with a Sl of 2435 and target of 2515 and 2545.
The stock has a higher high lower low formation confirming the trend and a sizable amount of volume on the breakout gives additional confidence. The volume activity has been above the average during this move. The daily RSI has seen the highest reading in the 6 months, the daily MACD has been in a strong buy mode. All congestion point has surpassed.
Conclusion: The stock has the potential to gradually move toward 2515 and 2545, with all parameters confirming the trend. This is a solid foundation of an another leg of uptrend
L&T TARGET 2800LARSON & TOUBRO in weekly strong retracement with a breakout of a previous all-time high in the upward channel weekly chart above the pivot level. Weekly closing with bullish and above the previous high.Next target is 2800
