According to chart analysis this stocks trade in parallel channel so we can buy at bottom level trade line and according to chart analysis very high convention to go up side.
Buy Swing trade @1815 for target 1860.
if it break 1860 with increasing volume then target rally should be 2000-2100++
Note: This is for educational purpose only. Please do not trade in F&O based on this analysis.
There seems to be a hammer at the uptrend channel support. Moreover, relative strength is greater than Nifty index. RSI above 50 indicates bullish momentum as well.
SL: 1700
Nothing guaranteed and Nothing over week
Invest or trade according to your loss bearing capacity
STOCK FOR EDUCATIONAL PURPOSE ONLY
LARSEN & TOUBRO LIMITED @ 1835 with target of 2000.CMP IS 1814.25
STOP LOSS: ACCORDING TO YOUR RISK APPETITE OR ONE OR TWO PERCENT BELOW 1800.
Disclaimer: I am not Sebi Registered. All my ideas/opinions and analysis is for your...
LT gives flack break out from upward trade channel. this is done because sudden profit booking comes into the market but its very good stock of long term buying.
risk: Reward ratio is 1: 2
Rest as per Charts
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Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at...
Consolidating in expanding channel pattern since 2009. Is finally giving breakout after more than 1 decade. Fundamentally strong company and giving technical breakout. The risk: reward is very favourable of 4:1. This is a mid-term trade with approx. 9-10 months but can deliver 100% from current market price.
The are good number of support and resistance points...
EXPLANATION : This is a 1 hour time frame chart of LARSEN & TOUBRO . It has formed Head and Shoulder pattern , If give a strong breakdown and broke its Demand zone with high volumes and retest the same , I am bearish on LARSEN & TOUBRO . If give a fakeout trade with confirmations . LARSEN & TOUBRO Result on 27 Oct '21 .
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Key points:
1.) Forming Inverse head& shoulder pattern (bullish)
2.) OBV is giving trend line breakout and now inching higher.
Support at 1300
Resistance -1550
Possible target 2000-2160
Time frame 1-2 year.
Only for educational purpose
The stock continue trending up well within a channel after the rounding pattern breakout many weeks back.
Momentum and trend indicators are in bullish zones on all timeframes.Volumes are decent above 20 moving average.
Have tight stops for short swing trades as there could be weekly bearish divergence that could pull it down.
However the pattern could eventually...
![LT: [POSITIONAL] LT LONG BET](https://s3.tradingview.com/t/TIPYKSeZ_mid.png "[POSITIONAL] LT LONG BET")
