First ever published idea, Need to wait for a candle close below the Trend line for a minimum H&S price objective of 1226.
with stop 1400 closing basis it is buy. Major event SUUTI sell done
LT giving Ichi BO shorting it blw 1486 sl 1501 tgt 1471
i think Larsen and turbo seems to be bullish because of the descending triangle breakout and it sems to be yhat expanding bolinger bands can se higher volatility
It is been observed that the price action formed a descending triangle on daily chart and today's price action confirmed the breakout to upside as it reached above the highs of the previous day. It shall now move further up 1500, 1520, 1540 levels. Target: 1540 Stoploss: 1450
LT is setting up a nice triangle formation on the daily chart. Price seems to have found support near the 200EMA daily as well. In today's rally, it's made a 3 week high as well. Can it break-out shortly OR will it break down ? Very interestingly poised for the next few days/weeks. I'd prefer a break-out here - color me biased :)
in.tradingview.com L&T is forming a triangle shape in 60 mins chart and it may take few days or a week to complete the triangle. Note: I am advising to make this stock in watch-list
Trendlines and resistance are the simple tools we have used here in LT and if we get valid bearish confirmation in the zone enter shorts in LT with proper stops, if the price crosses above resistance zone, trade is invalid, No trades. Happy Trading !
My first ever published idea, need to wait for a TL break and a candle close below the TL, for a minimum price object of 1226
LT one of my favorite scrips, whether its intraday or positional this scrip performs really well (just my opinion,can be different exp for you ). Those who follow me for a while ( 6 months or so ) might be knowing about the Investment analysis we did on LT. We got it somewhere around 1100's I guess, now LT @ 1500's. Great Returns. Flashback over, back to...
Yesterday, the price action closed below the rectangle consolidation range that indicated bearishness and weakness in the stock as marked in previous chart of LT. Today, the price action continues the weakness and downward rally, expected to reach out to 1400 levels that is also previous resistance level.
The price action is been ranging from 1516-1460, about range of 60 points for a while and now I could see a cracking or breaking of it that indicates weakness and bearishness. I would suggest to short for now with a stop loss at 1485. Target: 1400
Hi Friends, We have cypher pattern (potential) in LT and the C to D leg is channeling right now. Even in the channeling we have 2 types - outerchannel (white) on current timeframe n innerchannel (red&whitelines which is 5min Intraday). So trade it as normal breakout trade but decide whether it's gonna be 15min or 5min check ur risks before entering the trade....
A lot depends on today's open whether to trade this setup or not to trade. If there is Gap down below our zone trade become invalid in LT or on bearish close - no trade. If we get pullback on 15mins to our support zone or open near our zone it will be awesome risk : reward setup to take the long trade in LT