LTO trade ideas
LT chart analysis for 5TH MAR 2021 [Instructions below]READ THIS: Less than 05% of the analysis has failed so far. I am posting 10 a day. You can check the history.
1. Check the levels and analysis.
2. If you are new, trade in low quantity or trade with virtual currency.
3. Don't trade immediately on a breakout or a breakdown. Let the price retest the level. Then let it give a confirmation candle. Only then trade.
If the conditions are not fulfilled, it is not a breakout. It is a fakeout.
3. If (or when) the stock moves 25% to 50% in our direction, start booking partial profits. This is very important as the stocks, a lot of times, show a reversal.
3. After the day ends, come back and play back the candlesticks , if you haven't traded. Check if the levels hold.
4. Hit that like button and comment if you find the analysis is holding.
most probably breakoutas NIFTY will open gapup tomorrow so will LT .
In 2 days we may see a breakout
L&T Multi time frame + fibo + flag pattern In 2 hour timeframe stock has formed a flag pattern, Currently closed to proper valuation as shown by the valuation band in 1st chart. Also taking support from Demand zone .
In the30mins timeframe it has formed some price pattern and also Supported by 20 daily ema .
The Indicator Used:
PANEL 1:
1) Valuation band
KEYS: Red Faded Cloud: Over Valuation.
Grey Faded Cloud: Proper Valuation.
Green Faded Cloud: Under Valuation.
2) TE-REKAB - Proprietary Indicator
KEYS:
PB: Pullback
Blue Candle: Selling Divergence
Yellow Candle: Buying Divergence
Panel 2:
1) Daily Lines Plots Daily 20 (BLACK) & 50 EMA (GREY), BLUE (200 DAILY EMA ) Also On Lower Time Frame Charts.
If you like the analysis, do leave a like and follow for more such content coming up.
The analysis is my POV , hope you got bucks in your pocket to consult a financial advisor before investing :P :)
LT is trading in a channel, wait for breakout.Go long if breaks 1530 and sustains above it, can go for a swing trade
DarkCloudCover#LT after a fabulous rally showing early signs of weakness. It has formed a DarkCloudCover pattern on daily scale. On a bullish market it noticed selling pressure and closed near the day low. If it trades and sustains below 1500 then high chances that stock will test 1447/1387 levels soon. #Caution
L&T LOOKS GOOD TO BUYLT looks good to buy for intraday, as well BTST
buy around 1460
SL 1435
Target 1480,1500,1520
LTNew at this just for my records.Invest at your own risks.
Sl 1450
Targets in purple line. Near targets 1480 1500 1520
Good risk reward ratio
LT :: L&T will shoot like a bulletIn the hourly chart, we can see that Larsen & Toubro has just bounced from its support and there is a runaway gap also around 1450 levels. And in RSI we can see that RSI has downfall but the stock price doesn't decline. Take long positions for the target of 1605.
Looking good for long termYou can accumulate till 1420 and keep weekly closing SL 1320 for next breakout above 1595
LARSEN TOUBROLT has activated a Bearish Ichimoku C Clamp in daily time frame. It could retest 1450 provided it does not move above 1575.
