LT trade ideas
LT : Cup and handleSince 2010; Prices are trending between channel, which is drawn with yellow colour trend lines but since 2015 majority of time, prices took support at green trend line. In recent past it has Developed cup and handle price patten. You can see the decreased in the volume at handle part which suggest accumulation and handle part has retraced approximately 38.2%, which ensure the good support and healthy trend. Let the price settle over 1600 then 1650 to ensure multi year break out and confirmation of price pattern. Major support is green trend line. Duration of target is 6-8 months. Here, Need to understand the nature of the stock for such big target and duration, LT stock majorly fluctuates on news, earnings and contracts. Nature of the business doesn’t give recurrent cash flow currently they are trending because they have received huge contracts.
Head and shouldersPerfect breakout at head and shoulders pattern and it is in Retest zone, safe players can play after event results
Cup and Handle Breakout in LTLT has given a good cup and handle pattern breakout and it is around the neck line. It could be a great swing entry. Trade with caution, appropriate position sizing and Risk management.
L&TNOTE: Wait for restest to complete.
Currently stock is retesting handle.
This can be good opportunity.
BUY ON DIPS L&T WITH SL BELOW 1400 TGT 2000/2500++ LONGTERM BUY ON DIPS L&T WITH SL BELOW 1400 TGT 2000/2500++ LONGTERM BREAKOUT
L&T Inverse Head and shoulders patternL&T showing inverse head & shoulder pattern breakout on weekly chart..Also stock is at all time high & in uncharted territory..
Accumalate around 1500..
Target- 1700,1800,1900,2000
LT LONG : All targets done.Please check my idea posted previously on 23-06-21. The trade has turned out beautifully and all targets have been reached and LT has closed at an all time high of 1618.
LT has been in a nice uptrend, continuously making higher highs and higher lows. After the recent pullback to the 20 EMA , a nice continuation candle has formed. A long can be initiated keeping in mind the following levels, only if it sustains above long level for 15 minutes.
LONG ABOVE : 1505
STOP LOSS : 1469
TARGET 1 : 1541
TARGET 2 : 1577
L&T BreakoutL&T has made good consolidation. now it has given a breakout of inverse Head and Shoulder pattern.
Buy - 1590-1600
Target - 1850
L&T clearly showing cup & Handle with Breakout.In some days/Months L&T will be reach up to Target 1840 with SL 1440. its creating cup & handle with strong breakout. also adding more investors in it with good volume.
LT - Inverted Head and shoulder🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
L&T - Breakout with strengthOne of the few stocks and the infra sector showed a lot of strength this past week.
We can expect some continuation since this is a sector which didnt perform for most of the rally.
C&H breakout plus the stock has already broken out. I have said in the past as this company matures it will become like a Tata Sons where they will get high dividends from its IT triples.
Long at CMP with SL below marked price.
You can also look at a few smaller infra players.
LT_WAIT FOR THE PRICE CORRECTIONLT has shown a good move last week. Dont rush to go long at this level. Price may correct and then one can go long.
(for educational purpose only)
