L&T Long 30 daysAccumulation zone -
Factors
1) Volume is more than average 4 times
2) Buy volume is max in this rage
3) histogram is positive
4) positive result from last 3 quarters result ( more than expected)
5) more Central Gov projects lined up for next fy year
6) 24 * mutual fund is positive for the following PE result
All-time new high will make
con
1)- 2 mutual fund holding changed (sell) in this phase
Larsen & Toubro Limited Shs Sponsored Global Depositary Receipt Repr 1 Sh Reg-S
No trades
Trade ideas
Larsen & Toubro - Breakout of Triangle pattern - Swing TradeThe analysis is done on Daily TF hence price may take few weeks to few months in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
LT LONG ( TOPI CHANGED )LT has given triangle breakout in daily time frame with good volume.
Big targets are open on upside. I think this is just a trailor.
Weekly MACD is up
Weekly macd has given uptick
Daily macd has given pco and toggling near zero line.
Weekly RSI is above 60
Daily RSI is above 60
Daily stochastic has given PCO from oversold zone
Weekly ADX is strong
Daily ADX is at good level
Triangle pattern breakout in LT hourly chartChart patterns work amazingly well in markets where momentum is building. Just like current times where a counter-trend rally is ongoing. I spotted a triangle pattern being formed in hourly time frame in LT. See how beautifully it broke out.
I entered when RSI was touching 60. DId test me for a day before breaking out.
i expect a trend reversal on this stockThe stock is in a uptrend for many months and reaches highs , but i think there is a consolidation in this stock now, i consider the triple top pattern levels now, today it come down its 50 EMA levels and 3 times in history its show decrease in break down of its 100 ema . in the coming days it will break down and cross 100 ema and its price fall....my second analysis