LT : Ready for breakoutLT ready to make new ATH.
Trendline support + 20sma support + Perfect retracement from 61.8% fibo level.
LS_TB trade ideas
Swing Opportunity in LarsenGo Long above 1519.6 for Targets of 1561.2, and 1602.8 with SL 1478
Reasons to go Long :
1. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.382 Fibonacci level.
2. A bullish candlestick pattern, Bullish Hammer (marked with an orange circle) is formed at 0.382 Fibonacci level.
3. The stock was facing resistance from the trendline earlier and now after giving breakout, the trendline is acting as a support.
L&T Weekly breakout Buy above 1600
Stop loss - 1475
target for at least 1:2
Its been in consolidation for more than 3 years. A breakout above 1600 may trigger the faster momentum for L&T with strict stoploss.
LarsenLarsen at a very critical support of 1500.
One can expect a bounce.
1500 PUT also holds highest open Interest which makes it interesting as well.
SHORT TERM remain bullish till trading above 1500
Bearish once it starts to sustain below these levels.
Larsen and Tubro - Retest 1500 Charts suggest that Retesting 1500 and taking off to higher highs. Watch for Price action at 1500. If breakdown happens then 1450-60 could be a possiblity.
LT_short term opportunityLT can show bullishness if it breaks the trendline with good volume.
(for educational purpose only)
LT looks good to buyLT is at an important level, breaking that level continues the uptrend and we can expect a huge move
LT clearing for breakout range- Daily ChartsNSE:LT
Go long from here.
Please share with your family and friend if you like the idea to go long. This chart is only for education purpose. Consult with your financial advisor before making any investment.
Potential Cup And Handle in L&TLT might retest 1460 and take a support there and form a cup and handle. BUY if it breaks 1600 for a minimum upside of 10-15% in the coming months
is it good to buy larsen and toubro now? Hi,Friends
we hope you are regularly generate profit in trading
here,we found a good apportunity for our followers that we can see that larsen and toubro at its support zone
and also follow his uptrend,you can buy this share tommorow on 11- 06 -2021 a best price.
better trading and earn regularly
regards,
HPS limiteds
L And T Trend ... analyzed ..See the chart i draw carefully ,Do like ideas , do follow me for more ideas on other shares like Asian paints ,United spirits, HUL,ITC , etc.. this is just An idea .
LT- sideways correction in wave 4(1515-1580)Currently in corrective wave 4 after taking support from 23.6% retracement of last primary swing high-low.
