Larsen & Toubro Limited Shs Sponsored Global Depositary Receipt Repr 1 Sh Reg-S
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LTOD trade ideas
Larsen & Toubro Ltd. (L&T) is a potential short candidateA. Breakdown from a Late-Stage Base
Trend: The stock appears to have formed a late-stage base with multiple failed breakout attempts.
Breakdown Confirmation:
The price is trading below key moving averages (50-day, 150-day, and 200-day).
B. Trading Below Key Moving Averages
The stock is currently below the 50-day, 150-day, and 200-day moving averages.
The 50-day (shorter-term trend) has crossed below the 150-day and 200-day MAs, indicating a bearish trend.
C. Weak Bounces & Rally Attempts
There have been failed bounce attempts in previous sessions.
Volume appears low on up days and high on down days, suggesting distribution by institutions.
D. Support Breakdown
The stock is hovering around a major support level (~3,271-3,340 INR).
If this support breaks convincingly on high volume, it could trigger a further sell-off.
Next support level: 3,031 INR (potential profit target).
2. Entry & Risk Management for Short-Selling
Entry:
Ideal entry would be below 3,270 INR with strong selling volume.
A short entry on a weak rally into resistance (~3,340-3,405 INR) could also be considered.
Stop-Loss:
Place a stop above the 50-day MA (~3,502-3,529 INR).
If price reclaims the 50-day MA on strong volume, the short thesis is invalid.
Profit Target:
First Target: 3,031 INR (previous major support).
Extended Target: If it breaks 3,031 INR, further downside is possible.
Impulse Wave 3 Completion & Wave 4 Correction Ahead!Based on Elliott Wave Theory, it appears that the third impulsive wave has reached completion, signaling the beginning of the fourth corrective wave. According to the rules of wave analysis, wave four typically retraces less than 38.2% of wave three. Additionally, the second corrective wave retraced more than 50% based on Fibonacci levels, further confirming its structure and the initiation of the third wave. Given these factors, a potential target of 2381 is anticipated for the corrective phase.
View on Larsen and Toubro (L&T) L&T current price: 3458 on 1/02/2025
The stock has taken support at 3407 but unable to cross 3630 after testing it twice, now this level is acting as Resistance, if fails to trade above this level we can see it trading a range of 3630-3407.If the stock sustains above 3630, we may upside move to 3800-3900.
LT | A rollercoaster indeed!Points to be noted:
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1. A symmetrical triangle breakdown was done. Then price retested it and followed up the selling.
2. This follow-up was exhausted by a violent reversal back to the retest point.
3. This reversal was further cemented by a HH-HL breakout of the triangle.
4. Now a new demand zone has been created at 3520. This is good place to initiate long.
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Entry - 3525, Tgt - 3852, SL - 3450
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Disclaimer: This idea is NOT a trade recommendation. Please make your own analysis before entering trades
Trade Idea for LARSEN & TOUBRO LTDTrade Idea for LARSEN & TOUBRO LTD.
Technical Overview
The chart highlights a strong resistance zone near 3,727–3,750 , which has been tested multiple times. This is a key level to watch for a potential breakout.
Price is currently taking support at the 200 EMA (black line), showing a critical area for bulls to step in.
This is a pre-breakout trade designed to capture the impulse breakout move if the price successfully breaches the resistance zone.
Trade Setup
Entry:
Enter the trade once the price confirms a W pattern or any other bullish pattern on a smaller time frame (e.g., 1H or 4H) near the current level.
Alternatively, wait for the breakout above 3,750 with strong bullish candles.
Stop Loss:
Place the stop loss below the 200 EMA or the recent swing low, around 3,550 , to manage risk effectively.
Target Levels:
Initial Target: 3,950 – A conservative target aligned with the measured move from prior breakouts.
Extended Target: 4,100–4,150 – Based on the previous impulse move of ~677 points .
Risk/Reward Ratio:
This trade offers a 1:4 risk/reward ratio , providing a high probability of favorable returns.
Additional Notes
RSI: Currently at 46 , showing neutral conditions but watch for a bullish crossover.
Volume: Monitor for increasing volume near the resistance zone to confirm breakout strength.
This trade requires patience to wait for a bullish setup on lower timeframes.
LT - Long SetupCMP 3947 on 09.12.24
Since January 2022, the stock has been traveling in a rising wedge pattern. For the last many days, the price has been moving in a range (shown as a rectangular shape). This time looks like breaking the upper levels.
Immediate supports seem to be around 3860 and 3740.
One may start buying from the current price to as low as 3860, multiple times.
Always keep the position size in accordance with risk management.
The setup fails if the price sustains below 3730.
All this illustration is my own view, shared only for learning and observation purposes. It is not a piece of trading advice in any form.
All the best.
LT - breaking out of channel / Darvas BoxWeekly Chart
Previous trend was 'up-trend'
Price went in consolidation in horizontal channel
Price breaking out of horizontal channel
Stock has been outperforming Nifty based on Comparative RS indicator
RSI breaking above 60 levels and MACD histogram > 0 suggesting bullish bias
Trade Execution
Entry - CMP 3947 or on dips
Stop Loss- Weekly SMA + Swing low on daily chart 3628
Target 1 - Horizontal channel pattern height 600 points = 4455
Larsen & Toubro LtdThe chart of Larsen & Toubro Ltd. shows a clear long-term uptrend, characterized by higher highs and higher lows, with the stock currently consolidating between ₹3,500 and ₹4,000. The price is moving within a rising channel, with the lower boundary of the channel providing dynamic support. The consolidation phase near ₹4,000 suggests resistance, and a breakout above this level could trigger a rally toward ₹4,200–₹4,500. Conversely, if the price breaks below ₹3,500, it could move toward the lower levels of ₹3,300–₹3,200. The volume remains steady, indicating no extreme buying or selling pressure yet. Overall, the price action suggests a bullish bias, but confirmation through a breakout above ₹4,000 or a breakdown below ₹3,500 will determine the next significant move.
LARSEN & TOUBRO LTD (LT)Breaking out of 10-11 months prolonged consolidation,
stock was stucked between 450 point range, since jan 2024
now its showing signs for a breakout.
.
weekly closing above 3900 will open up the stock potential to blast upto 50-60% from here
.
keep this stock on radar
will keep you guyz updated.
Larsen & Turbo Sept Monthly Expiry Expecting some momentum due to September month expiry closing in larsen & tourbo due to following reason
1) Long wicks currently indicating sellers are in control
2) Shooting star candlestick
3) Inside bar Candlestick pattern (Whichever side it breaks this
will be directional)
4) Since monthly expiry expecting some momentum
(Note: Author is neither responsible for anyone's profit or loss, nor a sebi registered RA, this only for educational purpose. Please do your own due diligence before taking any trades.)