LT is on support spot price . If we see option chain then it is visible that unwiding started on CE side .
small long trade can be initiated on sustainable of above 1307 for target of 1330
mid term long trade can be initiate on sustainable basis of above 1330 for target 1410
Red mark box will work as consolidation phase.
IT IS RANGE BOUND IN RECTANGLE IF RECTANGLE BREACHED DOWN SIDE TARGET GIVEN IF BROKEN UPSIDE TARGET GIVEN TILL THEN IT MAY KEEP MOVING IN RECTANGLE SO NOW IT HAS TOUCHED LOWER LINE NOW MUST MOVE TOWARDS UPPER LINE OF RECTANGLE
NOTE" TRADE AT YOUR OWN RISK
Buy above 1313
Targets are 1320,1327,1333.65,1341.9,1344,1350,1354
As Per Technical Indicator -> Parabolic SAR,
Wave(in dotted lines) got shifted to downwards it is one of the indication that we can be on Long size.
NSE:LT , LT Long @ Rs. 1305 or Below
Entry 1305 or Below
LT has formed Demand zone on 15 minutes and 1 hour demand zone in the price range if 1298 to 1305 , It has broken previous Demand zone and returning back from the lower price , Price has started moving upwards and CMP looks safe to buy and hold for the duration of 10-12 trading...