Buy L&T Cup and Handle Formation on Daily Chart with breakout
Buy L&T
For the Target of 1632-1723-1820
Stop Loss: One day Close below 20 DMA
LS_TB trade ideas
Cup n handle pattern. General information regarding cup n handle pattern. LT used as an example only. This chart pattern was first popularized by William J. O’Neil. The cup part of the formation is created when profit taking sets in or the market itself is in a correction and the stock sells off and forms the left side of the cup to the downside. The cup bottom is formed when the stock finally runs out of sellers at new low prices and buyers start moving in and bidding the stock back up again as sellers demand higher prices to sell the stock.
The pattern has better odds if it is a stock in a strong sector that has increasing earnings growth expectations. LT is strong stock ...clean company .
Possible breakout in Larsen & Toubro...Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Target 1 (19%) achieved in Larsen & Toubro. Target 2 is ON...This is follow-up on Larsen & Toubro. Can check link to related ideas.
Target 1 achieved. More than 19%. Target 2 is ON.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Larsen & Toubro Cup and Handle Bullish SetupL&T is forming what appears to be a cup and handle pattern.
Buy: L&T
CMP: 1509
Target 1: 1580
Target 2: 1615
Target 3: 1750
Stop Loss: 1450
buy LTit has give triangle breakout in 1hr chart. we may see 1580 in coming days. view negated below 1510
LT - Potential to cross all time highLT is set to cross its ATH in the coming days
Levels are mentioned in the chart
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Happy Trading!
Regards,
Segan
L&T Cup and Handle Pattern BreakoutL&T breaks out of a cup and handle pattern.
Buy: L&T
CMP: 1600
Target: 1770
Stop Loss: 510
#LT cash : looks good above 1550.10#LT Cash -Positional call
14.07.2021
Looks good above 1550.10
or around 1530-1535
Stoploss 1515
Target 1590-1600/1640
Cmp 1545
LT Daily Time Frame Cup and Handle Pattern With steady volumes, there was a breakout over the prior high today.
A break of the 1573.65 near-term resistance level could lead to a target of 1850 levels.
Small amounts can be added in three stages:
1. Anticipating an breakout(now)
2. During the actual breakout
3.Retest
For educational purposes only.
Kindly follow your due diligence prior to taking positions.
L&T Good Swing Trade Opportunity (Trend Line BO & Cup & Handle)Still looks good even after Nifty correcting 150 Points.
Kindly refer to my earlier post on this swing trade.
