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1) Flag breakout - can have rally of 500 pts
2) Results were good - 20% growth - strong order book - trades at -19-20x P/E
3) All subsidiary working at peak level
LT add around 1180 to 1220 and hold it target : 1400 1500 1550
If Break 1400 level then LT ready to drive 1440 1500 1550
time hold next 2 to 3 month
Sell LT at 1405-1410. Overbought indication from both MFI and RSI with huge OI buildup at 1400CE.
Making lower high in the channel. Volumes are not supporting
Idea Described In Charts
Short on 1378.80 break with SL as 1398.
Probable Channel Breakout in L&T
A Move above 1390 will further confirm the breakout.
Short on 1361.90 break with SL as 1379.
By looking at the long top wick, looks like a lot of selling pressure,
If the PCL is broken, Short it, keep the SL at PCC or update to cost immediately
PCL - 1321.6
PCC - 1326.75
Target - 1304
This is weekly chart of LT on NSE (INDIA) with CMP @ 1295. It looks good for a long trade based on following observations:
1. Trendline drawn indicates that it has been tested thrice which establishes as strong support (shown with arrows on chart).
2. Similar formation in previous occasion in Jan 2017 as marked on the chart that it's likely to behave in similar ...
broke daily trend line yesterday(red)
closed above 50% fib retracement levels
playing for 15min breakout strategy
long above 1301
short below 1292.50
tenkan above kijun
price above kumo cloud
macd showing buying
good quarterly earnings
In Q2FY19E, we expect L&T’s revenues to grow 8.3% YoY to | 17180.9 crore on a standalone basis owing to a better ...
LONG ABOVE 1208 FOR THE TARGET OF 1222 SL BELOW 1996
Can move down to 11201-1150 if contained within
L&T CAN BREAK EITHER SIDE CHANCES TO BREAK OUT UPSIDE IF MARKET IS POSITIVE TOMORROW IE 17-10-2018
bearish below 1214
LT weekly chart to short