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Trade ideas
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.
#LT Cash : Looks good above 2116.10#LT Cash - Positional call
26.12.2022
Looks good above 2116.10
Stoploss at 2080
Target 2148-2150/2220/2270-2300
Cmp 2091.05
#LT cash : Looks good sell below 2095#LT cash -Positional call
22.12.2022
Looks good sell below 2095
Stoploss 2120
Target 2156/2124
Cmp 2110
LT forming a head and shoulder pattern with next support too farPositional traders can take good advantage of this opportunity, as the market is slowly turning bearish due to covid crisis world wide, we might see correction in individual stocks as well, here LT has formed a head and shoulder pattern and it is currently near its neckline, a solid breakdown from that point can make it fall to around 2075 levels.
LT CMP 2175 DATED 16-12-2022 HOOTING STAR CANDLE AT TOPLT CMP 2175 DATED 16-12-2022
1. Shooting Star Candle at the top of the chart
(Negative Candle)
2. Sell below the low of the candle & SL high of
the candle.
Sell below 2160 for target 2135-2095-2075-2040
SL 2215
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, pls trade at your own risk.
Larsen & Toubro Ltd.Larsen & Toubro Ltd.
ABOUT
Larsen & Toubro Ltd is a multinational conglomerate that is primarily engaged in providing engineering, procurement, and construction (EPC) solutions in key sectors such as Infrastructure, Hydrocarbon, Power, Process Industries and Defence, Information Technology, and Financial Services in domestic and international markets.
KEY POINTS
Ex-Service Business
1. Infrastructure Segment (46% of revenues)
It comprises engineering and construction of buildings and factories, transportation infra, heavy civil infra, power transmission & distribution, water & effluent treatment, smart world & comm. projects and metallurgical & material handling systems. This is the core business of the company.
2. Hydrocarbon Segment (12% of revenues)
It comprises complete EPC solutions for the global oil & gas industry from design through detailed engineering, fabrication, procurement, project management, construction, installation, and commissioning.
3. Power Segment (3% of revenues)
It comprises turnkey solutions for coal-based and gas-based thermal power plants including power generation equipment with associated systems and/ or balance-of-plant packages.
4. Defence Engineering Segment (2% of revenues)
This segment comprises the design, development, serial production, and life-support of equipment, systems, and platforms for defense and aerospace sectors; and the design, construction, and repair/ refit of defense vessels. The company has been active in the defense and strategic sector since the mid-80s.
5. Heavy Engineering Segment (2% of revenues)
This segment comprises the manufacture and supply of custom-designed, engineered critical equipment and systems for core sector industries like fertilizer, refinery, petrochemical, chemical, oil & gas & thermal & nuclear power. The company is amongst the top 3 players globally in the sector.
6. Others (4% of revenues)
The other businesses include realty, manufacture, sale, marketing of industrial valves, construction equipment, rubber processing, etc. It also has a presence in the mining and aviation sectors.
Geographical Revenue Breakup
In FY22, Domestic sales accounted for ~64% of revenues, followed by the USA & Europe (~18%), the Middle East (~11%), and the Rest of the world (~7%).
Order Book
In FY222, the Infrastructure segment accounts for ~73% of an order book, followed by hydrocarbon (~16%), Power (~2%), Defence engineering (~4%), heavy engineering (1%), and others (4%).
Domestic orders account for ~73% of an order book, followed by the Middle East (~20%) and others (~7%).
Note: The order book does not include services business verticals due to the nature of those businesses.
TECHNICAL ANALYSIS.
Time Frame - 1D.
1. New long in FUT.
2. Average traded volume.
3. Stock making new highs.
4. In 52 Weeks high zone.
FUNDAMENTAL ANALYSIS.
Sector: Infrastructure Developers & Operators
1. Market Cap - ₹ 308,725 Cr.
2. Stock P/E - 32.1
3. Price to book value - 3.77
4. Debt to equity - 1.58
5. Free Cash Flow - ₹ 16,124 Cr.
DISCLAIMER - All analyses are for educational purposes. it is not trading or investment advice.
#education #markets #equities #stockmarket #technicalanalysis #stocks #investment #trading #india #finance #fundamentalanalysis #nse #bse #supertrend #education #investing #investments #financialmarkets #learningeveryday #learning #infra
LT at critical position. Both sides up and down possible NSE:LT LT at critical position. Both sides up and down possible so wait and watch.
Larsen & Toubro : +42.90% Upside Potential17 Nov 2022 11:34hrs Larsen & Toubro CMP 2051
Heavyweight LT, 2 months of consolidation BO with huge volume was seen in the stock in the last week of Oct 2022. Consolidation/RT of BO for 3 weeks has been witnessed.
Summary
- RT & Fresh BO from the VAH zone
- 2 Months of accumulation
- Approaching major resistance place around 2078 levels(ATH)
- Cup & Handle pattern(Awaiting BO)
Conclusion
- CMP 2052
- 3% Test position can be planned at current levels
- Higher targets could be around
o Short Term – 2110-2172-2283
o Mid to Long Term – 2604-2968
Wish You Happy & safe trading
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
"Always Respect Risk"
Happy Trading
Jai Hind Jai Bharat
Larsen & Toubro hits record highLarsen & Toubro hits record high; market-cap crosses Rs 3 trn mark
L&T is the best proxy for domestic capex given its market leadership in the engineering and construction industry, diversified revenue stream and strengthening balance sheet. Larsen & Toubro (L&T) joined the elite club of companies with Rs 3 trillion market capitalization on the BSE, after its share price hit a new high of Rs 2,139.70, on rallying 2 per cent in intra-day trade on Wednesday. With a market-cap of Rs 3.01 trillion, at 10:30 AM, L&T stood at number 20th position in the overall market-cap ranking, the BSE data shows.
In past one month, L&T has outperformed the market by gaining 6 per cent, as compared to 2.5 per cent rise in the S&P BSE Sensex on strong order prospects.
