l&t retestingbreakout and retesting may be can go long ,a cup and handle pattern is seen in l&t daily chart frame
LTOD trade ideas
l & T might turnaround this one also range bound L & T has already corrected we see an doji forming at support which indicates from here on it may be +ve
can buy at current price and sell at resistance
and further i am expecting infra sector to perform well so as i know good infra company is l & t
range bound stocks are good for swing trades or short term trades must use daily + 15 min time frame combined
disclaimer- this is not any investment call or idea , this just my view and it can go wrong ,this is only for educational purposes trade at your own risk
L&T LONG [ TWO YEAR RESISTANCE ZONE BREAKOUT]LT LOOKS GOOD FOR POSITIONAL TRADE , HAD BROKEN A LONG RESISITANCE ZONE
entry 1610.45
stop 1444
target 1943
cmp 1610.35
HEAD & SHOULDER BREAKOUT IN L&T - LONG HEAD & SHOULDER BREAKOUT in LT - LONG
Enter after retracement
LT sustaining breakout - Long ideaLT broke out of longer term resistances, tested 1580-1600 and is trading above 1600 now. Looks all set to move to 1700 levels. Long position can be looked at with SL of 1580, Risk/Reward 2.5
LT LOOKING BULLISHPrice action in LT shows a nice rising trend as Directional movement is showing an uptrend and RSI is also rising (65+). Buy with a stop below Rs 1550 for a target of Rs 1680. Hold it for 28 days.
positional & Intraday Trade: breakout and pullback done.buy above 1650 for positional and Intraday
for positional keep stoploss below 1550
For stoploss in Intraday use 5 minute chart and see nearest support.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis
NOTE: For Gapup or bo before 9:20
If gapup is more than 1% from bo level than avoid completely.
if less than 1% or gives bo before 9:20 than wait for
first 5 minute candle and entry above 5 minute candle
and revised SL below candle Low.
LT buy with strict stoploss 1426 target mentioned 2240This is just educational purpose only not for any recommendations...
LARSEN AND TOUBRO LTD.LARSEN AND TOUBRO LTD.
Beautiful CUP WITH HANDLE pattern.
(Only for educational purpose)
#education #chartpattern #technicalAnalysis #CupwithHandle
Minimum Doubler??L&T after consolidating for nearly two years has given inverse head and shoulders pattern and breakout can lead to target of 2200 within a year and also the IT subsidiaries are outperforming the market.
SL: 1400 wcb!
LT Cup and Handle BreakoutLT gave Cup and Handle Breakout after making this structure for 6 months, It has retested the breakout and It is reversing from the resistance which is acting as support now.
can go long once the above level is taken out 1650 we can look for long entry. head and shoulder type pattern breakout now we are looking for a pullback and level to be taken out. we can have a sl below previous base
L & T is Forming ABC 5 wave Pattern is completed & wave C is Forming !
after It 3 wave Pattern will Be completed .
L&T Short term 1800 ++ and long term 2500 ++L&T getting ready for 1800 and 2500 ++.
Cup and handle formation in progress with increase in volume activity.
Trading above 1600 DCB. could fetch 1800 in near term and 2500 ++ long term. SL 1300 WCB.
