RISK REWARD 1:2 KEEP TRAILING STOPLOSS DO YOUR OWN ANALYSIS BEFORE PLACING THE TRADE
L&T has given confirmed broke out of Cup and handle pattern on Friday (16-Jul-21) Although LT has already made small move after the break out,but its still not very late to enter the trade. I spotted this trade only today. It will be great buy if we get this in 1-3% range of CMP (1618 on 16-July-21) Entry - 1618-20 (Current Value or 1-3% above or...
Some Knowledge about MY patterns here : 1) Cup and Handle : Appearance: Looks like a cup profile with the handle on the die right Reversal or consolidation: Short-term (up to 3 months) bullish consolidation Failure rate: 26% Failure rate if waited for a breakout: 10% Average rise 38%, with most likely rise between 10% and 20% Throwbacks 74% Percentage...
12 years channel about to breakout along with inverted head and shoulder gives more attention to bullish dyor take trade only close above the channel happy trading
NSE:LT LT - Inverted Head and Shoulders Pattern / Daily TF / Breakout and retracement done / Good to go LONG
Date : 22-July-2021 #MOH Stock : LT Pattern name 👉🏻 Bearish Crab 🦀 Current Market Price : 1642 Expected Reversal Zone : 1667-1672 Details:- LT have rised along with market, As per Bearish Crab 🦀 , Expect this stock to give reversal from 1667-1672 level
LT GIVEN MULTIPLE BREAKOUTS ON MONTHLY AD WEEKLY WITH VOLUME BUY ABOVE 1650, WITH SL OF 1580 FOR THE TARGET 2000 , 2200
Rounding pattern breakout on weekly Larsen & Toubro
Larsen and turbo cup and Handel pattern break out one with the short term view can buy this stock for swing trade all the levels are mentioned in the chart
LT IS TRADING IN THE CHANNEL FROM THE TIME IT IS LISTED A BREAKOUT ABOVE THE UPPER TRENDLINE OF THE CHANNEL CAN GIVE BIG UPMOVE ONLY CONSIDER IT FOR SWING TRADE DISCLAIMER THIS IS FOR EDUCATIONAL PURPOSE DONT TRADE WITHOUT CONSULTING YOUR FINANCIAL ADVISOR
As explained, the level of 1600 is a crucial resistance for the stock on daily as well as weekly time frames. LT is a good stock to keep in your portfolio for long term, too. Just for educational purpose.
Note: This is for educational purpose only. Please do not trade in F&O based on this analysis. There seems to be an Inverse Head & Shoulders pattern bullish breakout. RSI above 70 indicates bullish momentum as well. SL: ₹ 1500
LT was largely under performing in the this bull run now it has former nice Cup and Handle Patter, looking for the gud up move