It completes wave 3 of minute degree along with wave 5 at minutte degree . Heading in wave 4 correction at minute degree . Then it will move up in the final wave 5 of minute degree and go to 1860 - 1870 . 1670 is near the previous wave 4 of one lesser degree . C wave in the correction will be equal to 1.618 times wave A .
Fine, though its just basically by trendline break in LT, we should look for risk-reward. Bcos, a decent risk-reward is must even for mediocre tradeplan. Trendline break & entry of shorts in LT can sound mediocre, but the decent risk-reward is icing on cake. Check with your trade plan & enter only if it suits you !
Weakening rsi and increasing price...could be a good stock to short
Well this stock has been in a trading range for past three weeks, finally broke on the downside today on a daily closing basis. looking to short on any pullback towards 1700 for a target of 1660 with a stoploss above 1728. A word of caution...this stock is in a long term uptrend & results expected on 28th of may....trade with proper risk management.
LT cmp 1753 i think is heading for a run upto 1830 with positive macd. Stop should be placed at 1720.
Just take a very good look at charts, there are just simple lines, nothing complex or as magic. It doesn't mean complex strategies won't work.. both of them have their own pro's n cons, All you need to is completely understand what you are doing n following and sail through with that strategy even in times of downfall. Here we are looking for upside breakout in...
LARSEN & TOURBO (LT) has been testing neckline of Head & Shoulder pattern post breakout. Move below 1697 will take price towards 1650 levels. On the upside, resistance is at 1765.
Buy the trend line break on an hourly basis for a target of 1765. Stoploss @ 1720
Hi All , Everything on chart . No Naked Futures or call : Strategy : Buy Futures and 1720 puts , Buy 1740 call and sell 1780 call (my choice) Buy 1720 call (3 lots) and buy 1720 put(1 lot) (put /call ratio your choice , keep it tilted on call side) Lets Engineer Money . Note : Consult your financial risk adviser ,Risk of capital loss, paper trade or...
The Price action is showing compressed range The price is getting week and if fails to hold Support 1647 then you can look for start of downward trend Regards
The stock is heading Higher high and making Higher low , what is interesting is strong investors sentiments after reaching quite good high , in my opinion the stock will face Larger amount of resistance at 1742 but till then keep riding , I'm looking to enter after a small retrace Near 1670 only when stock turns around to upward with stop of 1645 for Target of...
It's all about resistance and support points.
I know many have made the predictions of L & T will reach 2000 or Near , but its not so easy to reach the targets my experience says the stock will retreat to some extent , May be up to 1640 or 1617 then it may rebound , I'm looking to invest on short term holding if stock retreat little , if it heads up ward then I may not be riding this bull trend , because...
LNT looking bullish above 1510 with sl of 1462 for tgt of 1690/1700
as explained earlier stock is moving as expected . trevised target is 1700 .