Sell at 1575 with Stop of 1582 for Target of 1535/1525 for Day trade only Cheers
Please share your views. planning to short for two reasons 1. at the top of channel 2. reacted from daily supply area. confused about trend stock is in uptrend
Month timeframe chart shows a potential nested 3.3 move. A run away / break away weekly gap as well. Holding 1200 , price should rise in dynamic 3rd wave...for super gains.
We are looking at a huge breakout in Nifty Tomorrow as shown by SGX Nifty. Now I am hoping we will get a breakout on LT as well. And if LT sustains above 1510 for couple of days then we can look to get the targets of 1600/1650. As of now am Neutral.
LT has an Upcoming Trade Coming Trade Lined in Trade According To Pattern
L&T at Rs 1493 is a splendid large-cap well underpriced. Scrip has bottomed out and crossed all EMAs and resting with consolidation on 20D EMA. All other EMAs have crossed favourably and are in order. Volumes are good and indicative of a bullish rise soon. Company's order book position and profit margins have improved. It is one of the very few infra-structure...
LT SHORT BETWEEN 1490-1495 WITH SL ABOVE 1510 FOR TGT 1446-1427
lt has been in sideways after rising from 1300 levels to 1500. it has been observed it is forming a PENNANT PATTERN on daily chart ,one might go long in this heavyweight for target of 1550 level as risk reward is favorable ( sl 1460 for day traders). sideways after breaking a triangle on weekly chart suggest a big move ahead
Short below 1476 ( double bottom) as closed below Trendline Support - 4 hours
nifty and lt compare chart show gap lt has taken support on trend line and correct up to 50% fib level if it give monthly close above 1480 trigger buy target 1600
Target 1 1470 Target 2 1455 Stoploss 1500 / TrendLine Lower Channel CMP 1490
Stock has found support at the averages, expecting it to break above 1470 supply level. Buy for a target of 1500 with a stop of 1425.
NSE:LT is in a downtrend as you can see. It has given a breakout out of the lines which might just fail. Short positions can be entered with the pink line as stoploss and blue line below as target. Cheers !!
Prices have breached the averages support, and is turning away from it again. Test of 1365 expecting going forward. Trade gets negated on a 15 min close above 1395.
NSE:LT LT Trend long Potional Entry @ 1335 Stop Loss @ 1325 Target 1 1355 Target 2 1398