Since 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%,...
LT 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&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
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 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: [POSITIONAL] LT LONG BET](https://s3.tradingview.com/q/QFcNwsrW_mid.png "[POSITIONAL] LT LONG BET")
