How to do Stock Analysis from beginningHow to do Stock Analysis from beginning that includes trend analysis, patterns, weekly analysis and then daily analysis..
LTOD trade ideas
Identifying & eliminating type of correction through Neo wave L&T: Have tried labelling from covid low's.
*Logic behind labelling price as corrective structure:
From covid low's no swing has internal structure of an impulse, every swing is divided in 3 sub-waves meaning rise in L&T was corrective.Also no impulse rules were followed to make an impulse pattern ofhigher degree.
*Eliminating corrective pattern:
From covid low's we already have 5 waves(marked in green) having 3 internal sub-waves meaning we are in a middle of a triangle or complex wxyxz correction or diametric pattern,but looking at the price pattern it seems like we are having wxyxz triple correction as prices are neither converging nor expanding in order to make triangle or an diametric pattern.Hence i have labelled it as WXYXZ of which w,x,y,x is done and currently we are in wave z.
*Current structure & internal stage
Now this wave Z is sub-divided in lower degree 3 internal wave WXY(in orange) of which wave W and wave X is done.we are right now in wave Y of which wave A is done and wave B will be done shortly post which a rise in the form of wave C would complete entire WXYXZ 11 swing correction.
*Price Fore-cast on the basis of current labelling from current levels.
On the upside important level is 1740(123.6% extention of wave w in orange degree from wave x low's) and 1834(161.8% extention of wave w in orange degree from wave x low's) where entire pattern can end.
On the down side 1550-1580 zone can act as good support as we have a price action area in that zone.
*Conclusion
As per this labeling up side room is limited hence anyone holding this stock should keep stop-loss depending upon there risk appetite or by referring price levels mentioned above and new long's should be avoided from swing trading point of view
LT technical AnalysisBuy LT at 1679
take profit at 1695,1705,1715
Sell LT at 1654
Take profit at 1634,1623,1603
NSE:LT
Fib Retracement using trend lineLook for support and resistance at the trend line and wait for the confirmation candle before you place a trade.
Buy LT at 1698.5-1699 sell LT at 1688.5-1688Buy LT if level breaks 1699
Take profit at 1708
Sell LT if level breaks 1688
Take profit at 1679
Reverse head and shoulder in L&TL&T giving buy signals with reverse #H&S. Up move confirmation through #pullback at current support. target duration 1 year.
L&T May Give Breakout..this Time 1750++++As we can see here its forming S ymmetrical Triangle which high probability of Bullish Breakout .....
Second Reason i choose this stock becuse of how the false breakdown happend and after that sharpe recovry... and took Support FROM 50 EMA
Now if it break the trendline and sustain above its resistance then we will initiate BUY
Buy Above - 1700 (Closing Basis)
Target - 1720 / 1730 /1740.
SL - AS PER OWN RISK.
NEXT WEEK NIFTY REALITY SECTOR WILL PERFORM.
LT 2500+HEAD & SHOULDER break out above 1607 can lead it to 1848 - 2170 - 2550+.
support at 1394 - 1238 on wcb.
buy LTit has given breakout in monthly chart. one can accumulate in dips. expecting rally to continue in coming months
LT Descending TriangleEducational Intraday Trading Setup For 31.08.2021, Kindly consult your financial advisor before taking a trade.
higher high and higher lowForm past few week the the nifty 50 is being bullish ,and subsequently creating new all time highs .these bullish moves has influenced the entire market therefore the above stock making a steady upward move may present us with a opportunity for long position
Target achieved in a week! 5.2% gain!!The stock was given at 1592 and today it hit the target of 1675. HIT the like button if you liked my analysis and do FOLLOW for regular swing trading ideas. For reference, I am attaching the idea below. If anyone wants to hold, the next target will be 1700 and 1750.
L&T showing inverted head and shoulder in 1 day TFRisk takers buy:- 1604
T0-1629
T1-1672-1747
T2-1822-1832
Non risk takers buy :- 1672
T0-1816
T1 -1832
Stop loss :- 1550/PAID
Holding period 1-2 WEEKS
Larsen & Tourbo ReversalLarsen & Tourbo Reversal
Buying Range CMP
Stop Loss 1560
Closing Basis
HEY TRADERS,
THIS PREDICTION IS BASED ON A HARMONIC PATTERN AND THE HARMONIC PATTERN IS 100% ACCURATE AND10000% RISKY BECAUSE IT IS AGAINST THE TREND METHOD...
HOPE YOU ALL FIND SOME VALUE IN THIS VIDEO...SO, DON'T FORGET TO LIKE AND SHARE THIS VIDEO. DON'T FORGET TO SUBSCRIBE.
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~Disclaimer: All views and charts shared in this terminal are purely for knowledge and information purposes only.
Buy Larsen & toubro *For educational purpose only. This isn't a call.
L&T near to give breakout soon keep in your Watchlist.
First Learn then Earn.
Thanks!
#Breakouttrades
LARSEN INVERTED HEAD AND SHOULDERinverted head and shoulder pattern in larsen and toubro. price still away from target 1 which is the distance of a shoulder. maintain stoploss and trade with caution
L&T: 5 Year Breakout L&T is breaking out of a 5 year consolidation....I have posted this view earlier too...Stock is likely to test Rs 2,500 in times to come. SL below Rs 1550
LT for swing trade.Larsen and toubro has been one of the favourites of the traders because of the good returns constantly, and this time also similar is expected from this company, it is taking support of the trendline and RSI is supporting the. growth too
