LT 1hr analysisLT has given a breakout from a wedge pattern
and it has now come to retest the upper trendline
we might be able to see the higher levels if it
sustains above the upper trendline,
entry above 1750 nd we can hold it for 10%
LT trade ideas
LT Seems BulishSymetrical Triangle breakout in daily
leads bullish momentum may continue
concentrate if price sustain above 1781 in daily
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LARSEN good short candidateCounter is on verge to complete its impulse phase of elliot wave,, on weekly time frame,,
as per time cycle combination,, time of wave1 and wave 5 are equivalent and price wise also some calculative match are seen
bearish divergence on rsi and macd,, on weekly time frame,, suggest the trend is on verge to mature,,
good fall of 10-15% can be seen in counter
good short candidate
L&T | Decent Cup & Handle visual - Looks good for 20%L&T | Decent Cup & Handle visual - Looks good for 20%
CMP : 1500 (Dip : 1460)
SL : 1400
Target : 1750 (calculated based on depth of the Cup and Fibonocci)
Almost 1:3+ risk reward setup
Watch LTLT on a monthly basis taking multiple resistance at the top of the channel.
If it breaks and sustains above channel top, we can consider for medium term or short term.
Please analyse your self before investing. I’m not a registered analyst.
Larsen and Turbo long term analysis. If L&T break the green trendline then we may see L&T around 2500-2600 in 2-4 years, If we are not able to break the green line then the below red trend line can be seen as a buying opportunity after getting rejected by the green trend line.
L&T LongL&T has formed a very good support base of 1500-1600.
In the past the stock has tested 1500-1600 levels multiple times and failed to break it, this 1500-1600 acted as supply zone back then.
After the breakout - Now the same zone will act as a demand zone and price sustaining well above.
This shows buyer are active and the stock has now spent enough time to gain strength and looking to start gaining momentum to break the 2000 mark and make new All time high.
Entry CMP - 1700 TO 1600
Target - 2400
Why L&T now?
L&T remains the best play in the infra space.
The increased value of IT subsidiaries can bring more upside.
Cons: Capex intensive ( Man, machine ) and government policies has impact on mega projects ( could be positive this decade).
May not be a multibager - but a safe, dividend paying consistent ROCE to have if you are looking at portfolio diversification for long term.
Slow compounder getting readya must-stock in the watchlist looks all set for the next bull run. good to enter above 1750.
slow yet strong moverplace bets accordinglfollowing gan as well as fib pattern.
allied L&t peers have performedvery well across sectors.
will surely reflect on the company performance next quarter
FOR LEARNING PURPOSE ONLYAfter So Much Of Time Putting Into Got A Stock Which Can Move Either Up Or Down From The Part Mentioned.
If It Gives Breakout Than A Good Target Can Be Achieved.
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L&T forming an rising wedge patternRising wedge pattern usually means a fall is expected soon and there is also a bearish RSI divergence
L&T Breakout Zone For ATHAs we can From Last 2-3 days Give good rally recoverd from lower levels ...no since morning Its Cosolidation Zone and not even Falling
From Last 2-3 days its facing rejction At 1725-128
So will Wait For BReakout
May it give Breakout Today Also or in Coming 2-3 Sessions
Keep An EYE ....we can See Good Moment
Buy Above- 1730
Target - 1750/1760
SL - As Per Own Risk
Key level to watch out in L&TIt is a large cap scrip, it is in an uptrend for a long time and now it is near to the multiyear resistance. There can be a huge up move in this scrip if if breaks that resistance, so do watch out for this level and set an alert on it. Don't short this scrip until it breaks the support zone and better to short after the pullback. Point to be noted is that the volume are contracting with the rise in price which signals a trend reversal.
Don't speculate, act according to the price action.
How to do Stock Analysis from beginningHow to do Stock Analysis from beginning that includes trend analysis, patterns, weekly analysis and then daily analysis..
Identifying & eliminating type of correction through Neo wave L&T: Have tried labelling from covid low's.
*Logic behind labelling price as corrective structure:
From covid low's no swing has internal structure of an impulse, every swing is divided in 3 sub-waves meaning rise in L&T was corrective.Also no impulse rules were followed to make an impulse pattern ofhigher degree.
*Eliminating corrective pattern:
From covid low's we already have 5 waves(marked in green) having 3 internal sub-waves meaning we are in a middle of a triangle or complex wxyxz correction or diametric pattern,but looking at the price pattern it seems like we are having wxyxz triple correction as prices are neither converging nor expanding in order to make triangle or an diametric pattern.Hence i have labelled it as WXYXZ of which w,x,y,x is done and currently we are in wave z.
*Current structure & internal stage
Now this wave Z is sub-divided in lower degree 3 internal wave WXY(in orange) of which wave W and wave X is done.we are right now in wave Y of which wave A is done and wave B will be done shortly post which a rise in the form of wave C would complete entire WXYXZ 11 swing correction.
*Price Fore-cast on the basis of current labelling from current levels.
On the upside important level is 1740(123.6% extention of wave w in orange degree from wave x low's) and 1834(161.8% extention of wave w in orange degree from wave x low's) where entire pattern can end.
On the down side 1550-1580 zone can act as good support as we have a price action area in that zone.
*Conclusion
As per this labeling up side room is limited hence anyone holding this stock should keep stop-loss depending upon there risk appetite or by referring price levels mentioned above and new long's should be avoided from swing trading point of view
