L&T has not participated in this bull run. Stock has broken the trend line. Is it a trap for the bears?
Tomorrows close holds the key. If we see a Pin bar/Piercing candle after tomorrows close it can be a
good R:R bet on the long side
Please refer to details on chart.
Avoid taking naked long positions, trade using strategies is safe in volatile and expensive markets.
Non cash traders should plan to exit around 1370.
send me a direct message to know more.
Please consider liking this post / idea if you find it worth, you may also follow me fo interesting low risk strategies on Nifty / Bank...
LT is on support spot price . If we see option chain then it is visible that unwiding started on CE side .
small long trade can be initiated on sustainable of above 1307 for target of 1330
mid term long trade can be initiate on sustainable basis of above 1330 for target 1410
Red mark box will work as consolidation phase.