Larsen & Toubro Limited Shs Sponsored Global Depositary Receipt Repr 1 Sh Reg-S
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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.
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...
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~Disclaimer: All views and charts shared in this terminal are purely for knowledge and information purposes only.
FY21-22 Swing Trade Idea #151: Long on LT This is a public swing trade idea (other private ideas accessible through website) and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow if you want to get further updates. Our objective to help anyone who wants to learn technical analysis using charts. You can post your queries in comment section here and we will try to answer asap.
WILL BE A GOOD 2 DAY TRADE. As per the past trends, we can observe a strong support with a profit potential of 4.90%.
This Ticker symbol is showing an Ascending Channel as it is trending above the SMA 180.
We can wait for the ticker to go above the EMA 45 for the confirmation of the Reversal.
Risk can be managed by keeping the Stoploss a little below the Support line.
Empower yourself by 1st Understanding the Technicals behind the trade and then enter into the position and
never invest in something that you do not understand.
Uptrend and horizontal support || LTLT is on an uptrend and horizontal support right now. Before the breakout, it also made a cup and handle pattern and after that, the resistance is now acting as support for it. Can be bought for a target of 1675. CMP-1593. SL is not required in such a good stock but if anyone wants, they can keep it as 1540. HIT the like button if you liked my analysis and do FOLLOW for regular swing trading ideas.
L & T - DESCENDING TRIANGLE PATTERNL & T Stock is just completed Head and Shoulders Pattern which is a bullish pattern, retesting also completed and formed Descending triangle pattern with breakout. So, we can expect the stock may go long.
Good buy for short term.
Please check the chart for details. Mentioned clearly about the support and resistance points (if applicable).
I am learning as well. so please analyse the chart by yourselves before taking any decisions.
Criticism always welcome
Inverse head and shoulder breakout in LTWeekly breakout on the stock LT. A common chart pattern inverse head and shoulder. This can be a long opportunity with a stop loss of around 2-3 percent and a target of more than 200 points (13%)
Kindly note that this is not a recommendation and only an analysis. You should consult your financial advisor before taking the trade.