Larsen (LT)Trading at lower end of range
Infra play (Budget)
Target - 3900/4100
Sl below 3550
Cmp 3650
Larsen & Toubro Limited Shs Sponsored Global Depositary Receipt Repr 1 Sh Reg-S
No trades
Trade ideas
LT is waiting for something called BigHello Traders,
There is High Traffic Jam in LT now days. Seems that it could not define the way but something big is planning out there.
Once it has been revealed be prepared for the results. Be cautious there could some accidents can occur too.
Because the accumulation is going on too serious that is results can make a History.
Possibility & higher chances are that it can open the Range for the upside because the strong Rejection from below levels have seen & a very rough hardcore volatility has been seen.
Be Patience
Thank You
Prince
LARSEN & TOUBRO for investmentLARSEN & TOUBRO : CMP: 369.35; RSI: 54.61
Larsen & Toubro is one of the best bet in infrastructure sector to ride the Indian Economy growth. Also company is increasing its footprint in global market and bagged few big ticket size order win in last few years form GCC market.
As per chart analysis, on weekly time frame its, next target is long term (2 years) perspective is 7300++ levels
On Daily Time Frame, script is in consolidation phase, which may last till sept 2024.
For Long Term Investors:
Accumulate below 3300 levels
Near term Support: 3220 ; OR Buy above 4010 level
Target- 1: 4756; Target-2 : 5483
Long term Target (2 years ) - 7300 ++
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L&T INTRADAY ALL SET TO BREAKOUT 8 DAY RANGEL&T is All set to about to break the 3650 levels & once we get the closing above the Level we can plan out for a Trade with the minimal stop loss.
Targets are define on basis of Fibonacci extention
Target 1 is 3700 & Target 2 is 3780.
HAPPY TRADING
PRINCE
Professional Outlook I have made efforts in Explaining How we consider the wave theory
i have explained what is the forecast from here and also
i have explained how you should judge when you see the difference between impulse and Correction
Hope this will give you some idea
if you have any Questions then ask in the comment i will try to answer them
Good luck
LT Long triggerLT gave a Long signal last Friday and I have taken a Long trade. Today morning opening candle has given a further confirmation. I will be holding it to 3745 level which is Prev Month High. This will be Target-1
L&T weekly Update 14/JUN/24HELLO TRADERS.
A very good evening.
As we can see The big infra giant is In consolidation from Last few weeks after a great Rally.
The Giant is Taking rest for Some Time in order to Give the next big move.
As we can see that The giant has entered a BEARISH territory few weeks ago, same has been covered & shifted to the BULLISH ZONE again.
Formed a HH pattern & Bullish Harami Candle has been Formed inclusions of Last week.
Its Not worth taking the Directional Position in this zone.
Let it Accumulate & Close above 3950 levels.
HAPPY TRADING
L&T Weekly update 07/JUN/2024LARSEN & TUBRO infra giants trading in the Range from past few weeks.
BELOW 4100 levels is not good spot for going long.
But the WEEKLY RSI spot the BULLISH HIDDEN DIVERGENCE. Wait for the Pattern creation & Multiple Confirmations.
MONTHLY RSI > 60
WEEKLY RSI < 60
wait for the Weekly closing of RSI above 60 levels. So the trade can be Planned out on DAILY TIMEFRAME.
Seems to be the Breakout to be done with INVERSE HEAD & SHOULDER pattern.
HAPPY TRADING
LT - Positional Short SetupCMP 3658 on 29.04.24
The chart explains the support and resistance areas in recent sessions. According to the scenario, if the stock does not sustain above 3730, may go weak in the next few sessions.
One should sell between 3650-3700. Targets are mentioned on the charts.
This setup fails if the price sustains above 3730-50. One has to plan the position size and the exit plan wisely.
This is only for learning and sharing purposes, not trading advice in any form.
All the best.
LT Long OpportunityWe can go long from current level.
Price is currently at institution buying level.
I am not SEBI registered.
Trade at your Own Risk.
LT to blast soon! catch the 3rd wave for whooping gain We're in impulse wave 1 of which (IV) is playing now!
RSI is cooling off while LT making complex correction in (IV) by making ABCDE!
Keep tracking LT
LT - Support ZoneThe chart highlights a support zone around 3239, reinforced by the 200 EMA . There is a resistance level around 3472.40, which the stock needs to break through for further upward momentum. The volume appears to be consolidating, which can be a precursor to a breakout. Increased volume during a breakout above resistance would further validate the bullish sentiment. The RSI is currently at 47.07, indicating it is in the neutral zone, there is a noted trend reversal from the oversold zone, which is a bullish signal. However, the RSI is yet to enter the overbought territory, suggesting that there is still room for upward movement.
The stock to break above the resistance level of 3472.40 with increased volume. This would confirm a continued upward trend. If the resistance is broken, the next target would be around 3860.
Disclaimer: The information and publications are not meant to be, and do not constitute, financial, investment, trading or any other types of advice or recommendations.
LT - LongLT can touch 3740,3770,3820 in short term.Bullish momentum is continuing and stock is getting new orders on a daily basis. If it has to fall it would have fallen in current market.
I can clearly see LT making new life time high around 3800.
LT reverse head and shoulder pattern.Weak RSI ie below 40
MACD also below
More selling pressure
Target till previous support line (mark in red color)
Disclosure : I am not SEBI registered.The information provided here is for education purposes only.I will not be responsible for any of your profit/loss with this channel suggestions.Consult your financial advisor before taking any decisions.Tweets neither advice nor endorsement .
LT Weekly follow up and track Since the channel has been broken wave iii is complete and we are in a wave iv . It has reached wave 4 of one lesser degree . Since wave iii is a 5 wave move with and extended wave 1 , we can expect correction till wave 2 of one lesser degree ie the blue patch shown . Note we can initiate buying only when reversal with support occurs eg Hammer , Morning star , Moribozu , Engulfing green etc . buying then will be considered established only when the highest high of these formations are traded with support . Regards
Head and Shoulder PatternClear Head and Shoulder patten formed in stock backed by a good volume in the trade. Stock may correct further.
LT, Head and Shoulder PatternLT has formed Head and Shoulder Pattern, can come down to 3200-3300 to fill the gap.
LT looking bearist / hns pattern cmp 3463
as shown may retest the zone and break the neckline.
sell on rise preferred.
NOT A TRADING IDEA
FOR EDUCATIONAL PURPOSE ONLY
Larsen & Tubro take support at 100 EMAwe can see a buying opportunity at this level. and get a target of previous high
End of wave iiiChoose parallel channel . Then connect the end of wave i to the end of wave iii and make a parallel channel connecting to the end of wave ii. Only if the channel is broken on the lower side with resistance , we can conclude that wave iii is over . If the parallel channel gives support it means we have a 1-2-123... in progression . Investors should hold because even if the channel is broken on the lower side it would be a wave iv only . Regards
Correction on the wayLT CMP 3599
Elliott- the C leg of the expanded flat corrective pattern is underway. We know that C waves are the biggest. Hence this counter is a sell till the results are out on the 8th May. T1 3285 T2 3124
