LT has formed Head and Shoulder Pattern, can come down to 3200-3300 to fill the gap.
cmp 3463 as shown may retest the zone and break the neckline. sell on rise preferred. NOT A TRADING IDEA FOR EDUCATIONAL PURPOSE ONLY
Clear Head and Shoulder patten formed in stock backed by a good volume in the trade. Stock may correct further.
we can see a buying opportunity at this level. and get a target of previous high
LT CMP 3599 Elliott- the C leg of the expanded flat corrective pattern is underway. We know that C waves are the biggest. Hence this counter is a sell till the results are out on the 8th May. T1 3285 T2 3124
Since the channel has been broken wave iii is complete and we are in a wave iv . It has reached wave 4 of one lesser degree . Since wave iii is a 5 wave move with and extended wave 1 , we can expect correction till wave 2 of one lesser degree ie the blue patch shown . Note we can initiate buying only when reversal with support occurs eg Hammer , Morning star ,...
Inverses Head and Shoulder top on daily chart. For education purpose only
Larsen & Toubro Ltd. seems to be an interesting bearish chart with following 1. Inverse Head and Shoulder kind pattern on daily chart 2. RSI on daily crossed below 40 3. Price Crossed below 20 SMA on Weekly chart 4. Negative RSI divergence on weekly chart with price making new highs and RSI making lower highs 5. Can be a good risk reward for short with...
Choose parallel channel . Then connect the end of wave i to the end of wave iii and make a parallel channel connecting to the end of wave ii. Only if the channel is broken on the lower side with resistance , we can conclude that wave iii is over . If the parallel channel gives support it means we have a 1-2-123... in progression . Investors should hold because...
LARSEN & TOUBRO - LT LT gave good Cup and Handle Breakout breakout with WeeklyBullish candle CMP is 3763. I'm seeing a good swing trade with around 10-12% gains from here. I will add more positions if getting 4200-4300. My stoploss would be below 4680-4675 I'm expecting a recovery till 4200-4300. then will add more for big target Disclaimer - Do not...
NSE:LT Stock closed above ATH on 28th March 2024. If drawing Fibonacci Extension taken into account of recent High and Low then the 1.618 Fibonacci Extension level comes near 4038 level. Long Position may be initiated at CMP with Trailing SL 3700 for the target near 4038 level.
LT looks like a bullish which forms a cup handle pattern the previous high was broken and a retest was also done a small flag pattern also form Entry@CMP Stop loss@3670 1st target@4040 2nd target@4400 Disclaimer: I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult...
Hi, I bet most of you would be familiar with this pattern and some of you might have even traded it. I would still not name it here and look for your answers in the comment section below. Action near resistance zone You can see that the stock has been in a strong uptrend but faced a resistance near 3700 zone or level A(see chart). Observe heavy volume gap down...
L &T daily time frame chart looking forming cup handle and flag pattern
On Daily Chart Stock has Given Breakout on Cup and Handle Pattern and now the Stock has retest those level with green candle close.
Company:- Larsen & Toubro (LT) Sector:- Engineering & Construction M Cap:- 4.98T Technical:- In the daily & hourly chart smart money formed "Cup with Handle" chart pattern a prepareing for the breakout. One more thing in this stock cup & handle chart pattern success probability is very high. So if you are agree with my idea then follow me and share with your...
A perfect cup and handle breakout, with retest seen in LT, can plan a long side trade. Targets can be 4000, 4150,4250 on the upside. This is only for educational purposes, trade at your own risk
NSE:LT Good to keep on the radar Always respect SL & position sizing ======================== Trade Secrets By Pratik ======================== Disclaimer NOT SEBI REGISTERED This is our personal view and this analysis is only for educational purposes Please consult your advisor before investing or trading You are solely responsible for any decisions you take...