LT buy with strict stoploss 1426 target mentioned 2240This is just educational purpose only not for any recommendations...
LTO trade ideas
LARSEN AND TOUBRO LTD.LARSEN AND TOUBRO LTD.
Beautiful CUP WITH HANDLE pattern.
(Only for educational purpose)
#education #chartpattern #technicalAnalysis #CupwithHandle
Minimum Doubler??L&T after consolidating for nearly two years has given inverse head and shoulders pattern and breakout can lead to target of 2200 within a year and also the IT subsidiaries are outperforming the market.
SL: 1400 wcb!
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)
