Larsen & Toubro Limited Shs Sponsored Global Depositary Receipt Repr 1 Sh Reg-S
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#LT pullback towards 1860 will be grt place to buyWeekly & daily chart of Larsen & Toubro is giving me confidence that this counter can do well if market supports. Any pullback towards 1860/1850 zone will be great place to enter with stop loss of 1811 on closing basis. Weekly & Daily RSI, ADX all are in bullish territory and can take this giant upward towards 1990/ 2078 zones. Last time when it happened(hint check 7th July 2022) this stock gave 20% move, keep eyes open.
Always respect risk, reward will follow , happy investing :)
Larsen and Turbo Ltd.- Target Achieved~ LT is trading on ATH line.
~My target is achieved in LT.
~it has given 27% return in 140 days.
~The stock has more potential to move . I will re-enter again after few days if the chart movement will positive.
~The link of the previous chart is given below.
~Please follow me for the new updates of the bullish charts.
LT - Cup & HandleCup & Handle :
1) Strong upmove on weekly
2) relatively deeper base, retraced 50% upmove, but strong buying emerging in the second half of cup, this is institutions buying
3) very shallow handle getting formed, not much selling is happening now at these levels
4) 3 weeks tight closes above the prior resistance region, this is a sign of accumulation
5) declining volumes on the last leg of consolidation, again a positive sign
6) RS very near to bo as well, consolidating at 52 week highs
LT - Triangle Breakout LT on higher Time Frame of Daily have Just broken a very Long imp trendline and then on shorter period is performing a Triangle Pattern.
Breakout on Upper side is expected.
Also if Nifty Infra Breakout from a long resistance of months. This can surely be a good strong move.
Note : This is purely for a educational purpose. Do not trade with this . Do your due diligence before taking a trade on LT.
LTLT:- After a good rally, stock Breakout the levels. keep accumulate at current levels. good for short term.
You can plan the trade as per your risk appetite now
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.