LTO trade ideas
LT Cup and Handle BreakoutLT gave Cup and Handle Breakout after making this structure for 6 months, It has retested the breakout and It is reversing from the resistance which is acting as support now.
can go long once the above level is taken out 1650 we can look for long entry. head and shoulder type pattern breakout now we are looking for a pullback and level to be taken out. we can have a sl below previous base
L & T is Forming ABC 5 wave Pattern is completed & wave C is Forming !
after It 3 wave Pattern will Be completed .
L&T Short term 1800 ++ and long term 2500 ++L&T getting ready for 1800 and 2500 ++.
Cup and handle formation in progress with increase in volume activity.
Trading above 1600 DCB. could fetch 1800 in near term and 2500 ++ long term. SL 1300 WCB.
Inverted Head and shoulder Bullish reversalInverted Head and shoulde
PRICE TARGET 1785
TIME TARGET 28 BARS
Larsen & ToubroStock has broken out of of recent highs with volume spikes and now is consolidating now near support level .
A long can be initiated for a Risk Reward of 1.5
Cup & Holder pattern on L&T charts: A Good Medium Term Trade The details on chart show how the L&T share is showing a Cup & Holder pattern to take a good medium term trade for 13% update from current levels.
Expecting more upside momentumLT has given breakout on daily chart with really good volumes, expecting more upside momentum in upcoming days.
LT LT (24-July-21)
Cash Positional Buy between range 1560-1610
Target 1850 / 2000
Stop loss 1480
Reason for buy
ATH Breakout + inv. H&S Breakout
POSITIONAL L&T IDEARISK REWARD 1:2
KEEP TRAILING STOPLOSS
DO YOUR OWN ANALYSIS BEFORE PLACING THE TRADE
LT Long -Break out of Cup and handle pattern
L&T has given confirmed broke out of Cup and handle pattern on Friday (16-Jul-21)
Although LT has already made small move after the break out,but its still not very late to enter the trade. I spotted this trade only today. It will be great buy if we get this in 1-3% range of CMP (1618 on 16-July-21)
Entry - 1618-20 (Current Value or 1-3% above or below CMP - basically whatever you get)
SL - 1458 ( Low of the handle pattern )
Target - 1840 (CMP plus length of the Cup)
Inverted Head and Shoulder on WTF and Cup and Handle on DTF - LTSome Knowledge about MY patterns here :
1) Cup and Handle :
Appearance: Looks like a cup profile with the handle on the die right
Reversal or consolidation: Short-term (up to 3 months) bullish consolidation
Failure rate: 26%
Failure rate if
waited for a breakout: 10%
Average rise 38%, with most likely rise between 10% and 20%
Throwbacks 74%
Percentage meeting and predicted price target: 49% using full formation height, 73% using half formation height Cups with a higher right lip perform better, 40%
versus 35 % average gain.
mounthly breakout about to happen 12 years channel about to breakout along with inverted head and shoulder gives more attention to bullish
dyor
take trade only close above the channel
happy trading
LT - Inverted Head and Shoulders Pattern NSE:LT
LT - Inverted Head and Shoulders Pattern / Daily TF / Breakout and retracement done / Good to go LONG
LTDate : 22-July-2021 #MOH
Stock : LT
Pattern name 👉🏻 Bearish Crab 🦀
Current Market Price : 1642
Expected Reversal Zone : 1667-1672
Details:- LT have rised along with market, As per Bearish Crab 🦀 , Expect this stock to give reversal from 1667-1672 level
