Inverted Head and Shoulder in L&TInverted Head and Shoulder in L&T (SL on 15 min. candle close)
PRZ for Buy 1979
SL 1797
Target : 2500
CMP 2144.90 @ Feb 02, 2023
Chart by CA Savita Rehlan
LTOD trade ideas
Lt buying opportunity lt will go up to onew percent plus it is also budget day so buy lt and hold it till it gives 1 %
forming falling channelin 15 mimute chart LT forms the falling channel.its breakout confirms at price trade above 2130, and its sl is 2100 , first target is 2170 second target will be 2196
Larsen & toubro Cmp 2160 dated 27-1-2023 Parallel channel BDLarsen & toubro Cmp 2160 dated 27-1-2023
1. Parallel Channel breakdown @ 2130
Sell below 2130 for target 2095-2070-2040-1985 SL 2205
Disclaimer :
I am not a SEBI registered Analyst so please do your own Analysis before taking any action.
The above view is shared just for educational purpose.
By no means shall be responsible for any losses amounting out of it incase if any trades on it.
It is just a view, please trade at your own risk.
Larsen & ToubroUnder support zone. If it breaks then will go to 1500 levels . Otherwise have chances to cross 2500 levels .
Triangle pattern BreakoutPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking target for 1% - 2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Larson and tuobro Elliot wave Analysis #harishraoytlarsen toubro complete 5 wave upside use 2 or 4 trendline profit book
larsen toubro price go down wave (A,B,C)
Larsen & Toubro Limited LT:- Do not plan anything on the rounding bottom pattern until the stock breakouts and sustains above. keep eye on it.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
LT is forming a Double topIt is rising very quickly but can face a resistance as it is near forming a double top pattern at 2210 levels. Although it seems that it will break out.
LT is rising with rising volatilityLT is forming a rising channel pattern. But huge intraday and overnight moves leads to difficulty to trade. The pattern started in January and is still continuing.
Trendline BreakoutA broken trendline is a technical signal that can suggest a change in trend is at hand. If low volume (rather than high volume) accompanies the break of a trendline, the signal is not as strong or convincing. It can make sense to wait a day or two to make sure that the trendline break is legitimate
Script = Larsen and Toubro
Time Frame = 1 day
SWING Trade Setup for L&TThe FASP for L&T is listed for 11-1-2023 . You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities.
What is Fibolysis Anchor SupRes Points(FASP)?
It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels under various Timeframes. It is an extensively analyzed level to draw the support and resistance levels for the next day. You can use these levels along with your trade setup to increase your winning odds.
Validity of the levels: 1 Day
How to use these levels?
The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session. I use this fact to write intraday positions and to buy options.
Color Coding: Green is regular support and buying area, Red is strong exit area
Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.
LT detailed analysisLT on the daily formed a possible bear trap by closing below the trend line & then showing a v shaped recovery from there. On the hourly it has closed above the downward sloping trend line resistance but it was not a convincing break. There are 2 major supply zones sitting on top of it, the first one is a very small zone which has a less probability of holding whereas the second one is a more important zone. The second zone is important for 2 reasons, 1st reason is that it has the POC of the downfall as per volume profile & also a break of the zone will cause a second break of structure which will shift the bias to bullish. Once that happens we will start looking for demand zones to enter buys & scale in for a good up move.
LT inside a Inverted Cup & Handle Pattern ???!!!!Chart Patterns suggesting me to go with the above titled opinion !!!
Reasons
1. Dec 21,22,23 daily candles with volumes suggesting the bears entry .(Dec 23rd candle being breakdown candle of trendline from june 2022).
2. Follow up candles on DEC 26,27 show bulls regaining back but LACK OF VOLUMES SHOWS THEIR WEAKNESS!!!
3. Coming to 2hr timeframe, it is looking like the formation of Inverted Cup & Handle (Handle in progress).
4. We can make our entry , after a 2hr bearish candle breaking down of the white trendline.
5. SL(2hr closing ) and Target levels mentioned @ chart !!
Remember, ENTRY ONLY AFTER BREAKDOWN.
Let's wait and watch how it moves!!!
Note - Just sharing my view....not a tip nor advice!!!
LT TRADE IDEA (LONG)I will go long above 2121 with SL of 2080.
TP1--2185
TP2 -- 2260
SL-- 2080
FOR EDUCATIONAL PURPOSE ONLY.
LT showing weakness at supply zoneLT showed good bullish momentum today but it started showing weakness in the supply zone. Short position has been taken as shown in the Chart.
LT #Watchlist
#LT (D):-CMP 2108 Looks Good ABOVE 2120 for more upsides :)
#Disclaimer:-View shared is for educational purposes only.
