The stock has formed a cup and handle pattern on the daily timeframe it can rally till THE 4000 levels in the coming days
Cup and handle breakout possible in Larsen & Toubro Limited.............
Cup & Handle Pattern LT + The handle took support at EMA and bounced from it + spending time at the resistance + Above Key EMAs
................trgts 3786-3846-3943....................
LT can touch 3740,3770,3820 in short term.Bullish momentum is continuing and stock is getting new orders on a daily basis. If it has to fall it would have fallen in current market. I can clearly see LT making new life time high around 3800.
LT saw profit booking from higher levels. Huge volumes. It may retraces back and fill the downside gap. Can be a positional trade. Long SL 3100 Average Entry 3250 Target of 3600 - 3624. 1:2 Setup. Careful while trading these days. Trade with less positions. I want to trade 20 shares but I will only enter with 10 shares. Protect your capital.
Enter if it closes above 1830 SL 1700 Target: will update according to trend Multi year break out so add it on a staggered manner once it breaks 1830, based on the confirmation on the charts. Note: Trade at your own risk.
#LT Cash -Positional call 28.02.2024 Looks good resistance at 3525-3550 Cmp 3463
#LT Cash -Positional call 28.02.2024 Looks good resistance at 3525-3550 Cmp 3463
Buy from cmp to 3280 sl close below 3270 easy tg - 3350 Not suggested Disclaimer : This is my personal analysis for study purpose not intended for trading.
On Our Harmonic pattern indicator based trade setup take trade as explained below :- Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target , When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early...
#LT cash -Positional call 19 Feb 2024 Looks good above 3365.10 Stoploss 3330 Tgt 3440-3450/3540/3720 Cmp 3340
#Larsen & Tourbo cash -Positional call 06 Feb 2024 Looks good around 3385-3400 Stoploss 3325 Target 3490-3520/3580-3600/3700 Cmp 3424
Larsen & Toubro, on a monthly chart, started a bull run from price level of 800 to 3600 with few retracement and consolidation in between. Now on monthly chart a shooting star has formed and the next candle has closed below the shooting star. Now this indicate a retracement in price. According to Fibonacci retracement, the important level in lower side is 3000 and...
Investment:- It's a good opportunity to buy in dip with good Q result it could show a rally which can easily touch Rs4000.. If the stock closes above 3800 , could add more quantity.. Swing :- Buy @rs 3520 and target of @rs 3750.. PS :- It's a good quality stock with very strong fundamentals. If you are long time stock holder then you should pick this stock.
LT looking good. Wait for ABOVE level weekly time. buy after above weekly candle close. please wait for weekly candle close. NOTE- Only for Education Purpose. Please Give A Like If You Like FOLLOW FOR MORE