Rounding pattern breakout on weekly Larsen ToubroRounding pattern breakout on weekly Larsen & Toubro
LS_TB trade ideas
Larsen and turbo cup and Handel pattern break out Larsen and turbo cup and Handel pattern break out one with the short term view can buy this stock for swing trade all the levels are mentioned in the chart
LOOKOUT FOR LONG TERM CHANNEL BREAKOUT LT IS TRADING IN THE CHANNEL FROM THE TIME IT IS LISTED
A BREAKOUT ABOVE THE UPPER TRENDLINE OF THE CHANNEL CAN GIVE BIG UPMOVE
ONLY CONSIDER IT FOR SWING TRADE
DISCLAIMER
THIS IS FOR EDUCATIONAL PURPOSE
DONT TRADE WITHOUT CONSULTING YOUR FINANCIAL ADVISOR
Daily TF analysis of LTAs explained, the level of 1600 is a crucial resistance for the stock on daily as well as weekly time frames.
LT is a good stock to keep in your portfolio for long term, too.
Just for educational purpose.
Larsen & Toubro - INHS PatternNote: This is for educational purpose only. Please do not trade in F&O based on this analysis.
There seems to be an Inverse Head & Shoulders pattern bullish breakout. RSI above 70 indicates bullish momentum as well.
SL: ₹ 1500
Cup & Handle Formation with Volume ExpansionLT was largely under performing in the this bull run
now it has former nice Cup and Handle Patter, looking for the gud up move
LT : Cup and handleSince 2010; Prices are trending between channel, which is drawn with yellow colour trend lines but since 2015 majority of time, prices took support at green trend line. In recent past it has Developed cup and handle price patten. You can see the decreased in the volume at handle part which suggest accumulation and handle part has retraced approximately 38.2%, which ensure the good support and healthy trend. Let the price settle over 1600 then 1650 to ensure multi year break out and confirmation of price pattern. Major support is green trend line. Duration of target is 6-8 months. Here, Need to understand the nature of the stock for such big target and duration, LT stock majorly fluctuates on news, earnings and contracts. Nature of the business doesn’t give recurrent cash flow currently they are trending because they have received huge contracts.
Head and shouldersPerfect breakout at head and shoulders pattern and it is in Retest zone, safe players can play after event results
Cup and Handle Breakout in LTLT has given a good cup and handle pattern breakout and it is around the neck line. It could be a great swing entry. Trade with caution, appropriate position sizing and Risk management.
L&TNOTE: Wait for restest to complete.
Currently stock is retesting handle.
This can be good opportunity.
BUY ON DIPS L&T WITH SL BELOW 1400 TGT 2000/2500++ LONGTERM BUY ON DIPS L&T WITH SL BELOW 1400 TGT 2000/2500++ LONGTERM BREAKOUT
L&T Inverse Head and shoulders patternL&T showing inverse head & shoulder pattern breakout on weekly chart..Also stock is at all time high & in uncharted territory..
Accumalate around 1500..
Target- 1700,1800,1900,2000
LT LONG : All targets done.Please check my idea posted previously on 23-06-21. The trade has turned out beautifully and all targets have been reached and LT has closed at an all time high of 1618.
LT has been in a nice uptrend, continuously making higher highs and higher lows. After the recent pullback to the 20 EMA , a nice continuation candle has formed. A long can be initiated keeping in mind the following levels, only if it sustains above long level for 15 minutes.
LONG ABOVE : 1505
STOP LOSS : 1469
TARGET 1 : 1541
TARGET 2 : 1577
L&T BreakoutL&T has made good consolidation. now it has given a breakout of inverse Head and Shoulder pattern.
Buy - 1590-1600
Target - 1850
