Head and Shoulder PatternClear Head and Shoulder patten formed in stock backed by a good volume in the trade. Stock may correct further.
LT trade ideas
LT, Head and Shoulder PatternLT has formed Head and Shoulder Pattern, can come down to 3200-3300 to fill the gap.
LT looking bearist / hns pattern cmp 3463
as shown may retest the zone and break the neckline.
sell on rise preferred.
NOT A TRADING IDEA
FOR EDUCATIONAL PURPOSE ONLY
Larsen & Tubro take support at 100 EMAwe can see a buying opportunity at this level. and get a target of previous high
End of wave iiiChoose parallel channel . Then connect the end of wave i to the end of wave iii and make a parallel channel connecting to the end of wave ii. Only if the channel is broken on the lower side with resistance , we can conclude that wave iii is over . If the parallel channel gives support it means we have a 1-2-123... in progression . Investors should hold because even if the channel is broken on the lower side it would be a wave iv only . Regards
Correction on the wayLT CMP 3599
Elliott- the C leg of the expanded flat corrective pattern is underway. We know that C waves are the biggest. Hence this counter is a sell till the results are out on the 8th May. T1 3285 T2 3124
L&T - Cup & Handle PatternLARSEN & TOUBRO - LT
LT gave good Cup and Handle Breakout breakout with WeeklyBullish candle
CMP is 3763.
I'm seeing a good swing trade with around 10-12% gains from here.
I will add more positions if getting 4200-4300. My stoploss would be below 4680-4675
I'm expecting a recovery till 4200-4300. then will add more for big target
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
@shashankgupta2003
Positional Trading Idea on L&T with Fibonacci LevelNSE:LT
Stock closed above ATH on 28th March 2024. If drawing Fibonacci Extension taken into account of recent High and Low then the 1.618 Fibonacci Extension level comes near 4038 level. Long Position may be initiated at CMP with Trailing SL 3700 for the target near 4038 level.
LARSEN & TOUBRO BULLISH VIEWLT looks like a bullish
which forms a cup handle pattern
the previous high was broken and a retest was also done
a small flag pattern also form
Entry@CMP
Stop loss@3670
1st target@4040
2nd target@4400
Disclaimer:
I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
Happy trading.
so please keep LT in your watchlist for long term investment.
If you like my view, do support it with a boost whitch is valuable inspiration for me to post ideas like this in future. thank you friends!
LT- A bullish pattern & AnalysisHi, I bet most of you would be familiar with this pattern and some of you might have even traded it. I would still not name it here and look for your answers in the comment section below.
Action near resistance zone
You can see that the stock has been in a strong uptrend but faced a resistance near 3700 zone or level A(see chart). Observe heavy volume gap down in January from this level and the stock took almost 2months to finally get through 3700.
The second reaction
The stock reacted for the second time from 3700 in the first half of March but could not break the low B. Rather it made a higher low C and then broke out of A.
Retest of an important zone
The stock is pulling back to 3700 to test if any supply is still there. If 'holds' here, we can expect 4000 or 5000 psychological level or may be higher if there is overall market support.
Another simple method used by most traders is to measure the height of this pattern, that is from A to B and then add the number to A. This will give a probable figure 4150-4200.
Simple is not always easy
Hold near 3700 means a bullish candle, which should be enough to take the trade. It could be a Doji, Hammer, Marubozu etc.
Bearish Scenario
The opposite scenario could be that the price pushes strongly below 3700 again, which might turn the tables for a bearish action.
#For any bearish opportunities, one should wait for price to actually trade below C and then show further weakness (weak pullbacks etc. on the upside).
I hope this idea added to your knowledge.
Don't forget to press🚀 and name the pattern or your experiences with this pattern below💬
Enjoy the new chart type (Volume candles) on TV⚡
L&TOn Daily Chart Stock has Given Breakout on Cup and Handle Pattern and now the Stock has retest those level with green candle close.
You can add this stock in your watchlist for short term trading.Company:- Larsen & Toubro (LT)
Sector:- Engineering & Construction
M Cap:- 4.98T
Technical:- In the daily & hourly chart smart money formed "Cup with Handle" chart pattern a prepareing for the breakout. One more thing in this stock cup & handle chart pattern success probability is very high. So if you are agree with my idea then follow me and share with your friends.
Disclaimer:- Dear follower before taking any trade do your own analysis and consult you financial advisour.
Long on LTA perfect cup and handle breakout, with retest seen in LT, can plan a long side trade. Targets can be 4000, 4150,4250 on the upside.
This is only for educational purposes, trade at your own risk
LT good to Study NSE:LT
Good to keep on the radar
Always respect SL & position sizing
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Trade Secrets By Pratik
========================
Disclaimer
NOT SEBI REGISTERED
This is our personal view and this analysis
is only for educational purposes
Please consult your advisor before
investing or trading
You are solely responsible for any decisions
you take on the basis of our research.
L&THi,
I am a noob trader and am learning price action. I could see a cup & Handle pattern and Bullish Engful in the L&T. Any Experienced trader watching this please correct me if am wrong.
Note: This is truly for Educational purposes not providing any trading tips.
Breakout in LARSEN & TOUBROCup & Handle Breakout
RSI above 65 and rising
Trading above EMA50
Volume increasing
Short term target: 4150
Disc: for study, not a recommendation
All time high with cup and handle pattern breakoutVolume on daily and weekly timeframe are significant good enough.
Broken all time high with good volume, also breaking cup and handle pattern.
Good option for F&O if breaks the current candle high.
NOTE: I do my analysis, do your before trade.
Cup and Handle pattern Larsen
Every time after Gap up, stock gives a good move.
Sustained last two gaps marked as blue.
Stock retraced 50% fib level.
Trading at ATH and cup and handle pattern at ATH.
Break out of pattern give good move.
Manange your risk. For learning purposes only
L&T: Cup & Handle FormationLT: CUP and Handle Formation: Prices are likely to resume it's uptrend towards 4100-4150 zone in the coming weeks, with any weakness holding above 3500 zone.
The Cup with Handle is a bullish continuation pattern that marks a consolidation period followed by a breakout. It was developed by William O'Neil and introduced in his 1988 book, How to Make Money in Stocks.
As its name implies, there are two parts to the pattern: the cup and the handle. The cup forms after an advance and looks like a bowl or rounding bottom. As the cup is completed, a trading range develops on the right-hand side and the handle is formed. A subsequent breakout from the handle's trading range signals a continuation of the prior advance.
Trend: To qualify as a continuation pattern, a prior trend should exist. Ideally, the trend should be a few months old and not too mature. The more mature the trend, the less chance that the pattern marks a continuation or the less upside potential.
Cup: The cup should be “U” shaped and resemble a bowl or rounding bottom. A “V” shaped bottom would be considered too sharp of a reversal to qualify. The softer “U” shape ensures that the cup is a consolidation pattern with valid support at the bottom of the “U”. The perfect pattern would have equal highs on both sides of the cup, but this is not always the case.
Cup Depth: Ideally, the depth of the cup should retrace 1/3 or less of the previous advance. However, with volatile markets and over-reactions, the retracement could range from 1/3 to 1/2. In extreme situations, the maximum retracement could be 2/3, which conforms with Dow Theory.
Handle: After the high forms on the right side of the cup, there is a pullback that forms the handle. Sometimes this handle resembles a flag or pennant that slopes downward, other times it is just a short pullback. The handle represents the final consolidation/pullback before the big breakout and can retrace up to 1/3 of the cup's advance, but usually not more. The smaller the retracement, the more bullish the formation and significant the breakout. Sometimes it is prudent to wait for a break above the resistance line established by the highs of the cup.
Volume: There should be a substantial increase in volume on the breakout above the handle's resistance.
Target: The projected advance after breakout can be estimated by measuring the distance from the right peak of the cup to the bottom of the cup.
