Larsen & Toubro Limited Shs Sponsored Global Depositary Receipt Repr 1 Sh Reg-S
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Trade ideas
LT - Break expected - 1414 is the keyPrice ready to break the pattern. Wait for the close above 1414 for long.
Price after making a good fall forming a pattern to break the resistance and move further up.
LT in consolidationAfter down trend in parallel channel, Now break the channel and in a consolidation mode.
Levels to watch marked in chart. Ready to fly!
For educational purpose, Post your views, it will be great to encourage me.
LT buy Buy from cmp 1400 to 1384
tg 1440
Disclaimer : This is my personal analysis for study purpose not intended for trading
Channal Pattern formation in L&T The stock of LT formed parallel Channel on the daily charts,Entry level is above 1550 with the SL of 1490 for the target Levels of 1650-1670.
what to next ?if candle break the tradline with volume confirmation without breaking 1397 price lavel (ignor gap up opaning).than L&T ready to fly.
Moving in parallel channelHad taken good support. Wait to break the channel and resistance level market in chart for long.
If breaks support can expect some shorting opportunity up to 3%.
M views on LT. For Educational purpose. Share your views.
stable company with good returnsAwesome L&T
good brand value
buy at support
sell at resistance
previous returns are more
but waiting time is more
and there is no worry
with a stop loss can give you good returns
LARSEN good short candidatelarsen spot cmp :- 1525
Counter is having life time high resistance around 1570 to 1600 levels, short can be created around this levels,, for down side targets of 1450-1400
view gets negated above 1608 levels.
Risky players can also short in range of 1545-1560,, stoploss will be same,,
Stock LT - LARSEN & TOUBRO LIMITEDStock LT - LARSEN & TOUBRO LIMITED. intraday level for 16 march2021
LT buy at dynamic support lineBelow 1462 support , Buy at red line sell at blue lines. Even if support of red line breaks 1440 is a strong support. Long term target 1600 1800+ . Every dip buy at the red support in small quantity once support is taken
LT in Corrective StructureLT is in a Corrective Phase, following the completion of the Motive Structure. The phase is confirmed by the fact that it is contained within parallel lines. You can expect the correction to continue further. This analysis is based on Elliot Wave Analysis. This sort of corrective structure is not just in this stock, but almost every stock that has run up impulsively in this bullish trend.
**This analysis is for educational purposes only. You may choose to plan your trade based on the current phase that is forming.**
LT Looks Strong LT :
Looks Strong to move to a higher domain
Resistance breakout possibility
Long above 1577 with a SL 1560
