Key points of trade: NSE:LT
Entry :- 2210-2230
Stoploss:- weekly closing above 2238
Target 1 :- 2050
Target 2 :- 1985
Description:- L&T completed its 2nd wave correction of monthly time frame in MAR20.
It started its 3rd wave on monthly time frame and completed the sub wave i of 3rd monthly wave near 17 JAN 22.
2nd sub wave of 3rd monthly wave was completed near...
A triangle chart pattern involves price moving into a tighter and tighter range as time goes by and provides a visual display of a battle between bulls and bears.
Script = Larsen & Toubro
Time Frame= 15 min
trend line breakdown witnessed today
resistance marked at higher zone
while in short term as long as trading below today's high areas can witness a retest of marked support zones
Price is consolidating above the neckline after two times testing
the resistance as support.
Pin bar formation with a gap up opening is giving a good entry.
Cheers,
priceNpedia
Inverted Head and Shoulder in L&T (SL on 15 min. candle close)
PRZ for Buy 1979
SL 1797
Target : 2500
CMP 2144.90 @ Feb 02, 2023
Chart by CA Savita Rehlan
in 15 mimute chart LT forms the falling channel.its breakout confirms at price trade above 2130, and its sl is 2100 , first target is 2170 second target will be 2196
Larsen & toubro Cmp 2160 dated 27-1-2023
1. Parallel Channel breakdown @ 2130
Sell below 2130 for target 2095-2070-2040-1985 SL 2205
Disclaimer :
I am not a SEBI registered Analyst so please do your own Analysis before taking any action.
The above view is shared just for educational purpose.
By no means shall be responsible...
Please look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking target for 1% - 2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
LT:- Do not plan anything on the rounding bottom pattern until the stock breakouts and sustains above. keep eye on it.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other...
It is rising very quickly but can face a resistance as it is near forming a double top pattern at 2210 levels. Although it seems that it will break out.
