Larsen & Toubro Limited Shs Sponsored Global Depositary Receipt Repr 1 Sh Reg-S
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Trade ideas
Nifty outlook 17th Oct 2023Closing Range - 19616/19845
Extended range - 19533/19928
Low volumes, Bearish Harami candlestick pattern and unwinding of 1.4 Cr puts, all indicuate that Nifty will go lower from present levels. The only saving grace is a 4% jump in Indiavix indicating a restricted down side, which is expcted will about 19700. That said, nifty has formed a small uptrending channel and risk reward seems in favour of bulls. HFDC bank results are also good, if it provides leadership to Bank Nifty, Nifty cn can also move upwards. Oveall, it appears to be an uptrending or a sideways market.
Possible trade: Observe price action on HDFC Bank tomorow and accordingly take trade in Nifty keeping the 2 day ranges in mind mentioned above.
P.S. - 0.5%-1% return on capital can be considered good in intraday.
Time to Book Profits!Hello Traders
Since last July 2022 LT has give a good return on investment of 90%, to our trading community members book your profits and re-enter if you get it at lower levels.
Booking 75% of my portfolio, will re-enter at 2300 levels
Levels for enter and exit are marked on charts
Stay safe.. Trade according to your risk profile.
Let me know if you agree or disagree in comments... Looking forward
Best Regards
Shooting Star formed on LT, 1DNSE:LT Larsen & Toubro Ltd, commonly known as L&T, is an Indian multinational conglomerate company, with business interests in engineering, construction, manufacturing, technology, information technology and financial services, headquartered in Mumbai & Technical services, headquartered in Chennai.
LT forms Shooting Star after an uptrend and gave closing below it.
Entry : 2906.75
Target : 2760
SL : 3015
RR : 1.36
L&T turns ex-date for buyback; zooms 4% L&T turns ex-date for buyback; zooms 4% on raising buyback price to Rs 3200
The company has revised the buyback price upwards from Rs 3,000 per share to Rs 3,200 per share
Shares of Larsen & Toubro (L&T) rallied 4 per cent on the BSE to scale a fresh high of Rs 2,998 in Tuesday’s intra-day trade after the company revised its buyback price upwards from Rs 3,000 to Rs 3,200 per share.
At the same time, maximum no of shares to be bought back has been reduced to about 31.2 million shares from about 33.3 million shares earlier. The revised buyback represents 2.22 per cent of the paid up equity share capital of the company.
LT (Larson & Tubro ) again a second opprtunity to buyLT (Larson & Tubro ) again a second opprtunity to buy
earlier triangle breakout and successfully achieved the target again testing the breakout level
so risk reward is very favourable again one can long with previous stoploss
please check below link of LT
L&T - Order momentumThe one stock in the largecap space showing super momentum based on the future.
The govt is on an all our infra spree at the start of the countdown to 2024 elections.
L&T has turned its focus back on India where margins have improved compared to years ago..Now infra players don't want to be the cheaper..but work in a sustainable margin as well..
Long above 2640 with a stoploss below 2550.
Does LT will break resistance As Per technical Analysis LT Will try to face Resistance 2680-85 Level if its break then we can see Upside move but as per OI Data and Other Analysis Looks Like if Its break 2640-35 Level then we can see 2610-2600
If you are ready to take risk then go with 2660 PE
Buy Near 34-35, Stop Loss 25, Target 60,75
Time Frame = 5-7 Days
Only For Educational Purpose.