Intraday levels - 07 June 2021 - Price action
- Bullish pennant pattern / Symmetrical triangle pattern shows wait for break out .
( use pivots for target )
LS_TB trade ideas
LT 1D TF At point D of harmonics,Might tumble down from here.
But the stock is near ATH, So not ruling out it's high potential towards Higher highs.
Long above 1537.35
LarsenCurrently at Support.
Now fresh selling only when it breaks the support zone.
Keep an eye, Longs only when you see it close above 1400.
CUP AND HANDLE PATTERN IN L&T CHARTL&T IS SHOWING STRONG SIGNALS OFF UPSIDE WITH BOTH TECHNICAL AND FUNDAMENTAL HAVING ITS SIDE, STRONG ORDER BOOK, IN ANTICIPATION OF STRONG ECONOMIC RECOVERY .
TECHNICAL SIDE IS ALSO GOOD AS IT IS FORMING ITS LONG CUP AND HANDLE FORMATION WITH HEAVY VOLUME,ALL THE INDICATIONS SHOWING STRONG BUY SIGNAL. WE CAN SEE A SIGNIFICANT UPSIDE FROM THE CURRENT POSITION.
CURRENTLY STARTING ITS 5 ELLIOT WAVE WHICH GIVE US MORE REASON TO BUY AND HOLD IT WITH YOUR SEAT BELT TIGHT.
News Based stock ✌✌As L& T Got Work Order For submarine production it have the Potential to move Further so keep on your Radar to catch the momentum.
LT ready to rocket!! Great Opportunity It is rare to get good opportunities in such great fundamental stocks.
On Breaking its 1600 resistance one can long for good gains.
if it doesn't break the resistance now, it will come back up again to break it in next attempt, keep an eye.
consult your advisor before taking any trade.
Larsen & Toubro - Positional Idea | Inverse head & Shoulders Key Highlights:
1. Bullish market structure - HH, HL
2. Volume expansion
3. Forming Inverse Head & Shoulders
4. Approaching major resistance zone 1537-1603
5. Close above 1600 will trigger a rally to 1800+
7. Target: 1846, 2163, 2517. Stop Loss: 2185
8. Time frame: 12-15 months
You are always advised to use an appropriate Risk-Reward ratio as per your strategy.
P.S: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
Downtrend and Horizontal breakoutDowntrend breakout with a proper retest and now a horizontal breakout also. Good fundamental stock to buy for the short term. Target can be 1550.
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Happy Trading :)
Larsen & Toubro Buy ≒ 1525Buy ≒ 1525
Target ≒ 1750
Stop Loss 1450 (Daily Close)
Stop Time 23rd Jun
Min RR 1:3 at Entry
Max Risk 3% of Capital
base formation for up moveafter a down move LT has taken support at earlier support lever and formed base their, and after base it is moving upwards.
Larsen Toubro LT - Potential Bullish StrcutureHighlights:
1. Break of trendline
2. Change in Market structure
3. Volume is expanding relative to the previous sessions
P.S: This is NOT investment advice. This chart is meant for learning purposes only and is a part of my personal journal. Invest your capital at your own risk.
L&T be a good positional opportunity L&T is trading near strong weekly resistance and ATH levels. Attempting to break out for the fourth time after retracing to 0.382 fibo level post recent rally. Can give good up move if succeeds. Also forming an inverted H&S pattern. Keep a watch on this one .
LT 1 WEEK BULLISH INVERTED HEAD AND SHOULDER LT CHART 1 WEEK TIME FRAME THERE IS BULLISH INVERTED HEAD AND SHOULDER PATTERN .
IT SEEMS IT WILL BREAK OUT SOON.
MY POSITIONAL TARGET FOR THIS IS = 1624
LTBuy Above 140-141
(P.S: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.)
Bearish BatLT short at 1535 - As per predication in day or two it will reach 1535 and then it will fall form 1535 according to Bearish Bat and Bearish Crab harmonics patterns
LT : Keep in WatchlistRound bottom + Trendline breakout
And also multiyear Resistance breakout
awaiting above 1600 level
Keep track...
STOCK ANALYSIS FOR 4-JUNE-2021 (APOLLOHOSP, KAJARIACER, LT)Short video about shortlisted stocks for 4-June-2021
APOLLOHOSP abv 3440/45
KAJARIACER abv 1011
LT abv 1525
There are other cash stocks as well which we will track in LIVE market and inform acccorindly.
Thanks
Piyush Gupta
Learn & Earn
Long LTLT CMP - 1385
Stop - 1318 on DCB
Expectation -
1 - 1565
2 - Will review once 1565 convincingly broken
Expected Holding Period - 20 trading days or earlier
