L&T breaks out of a cup and handle pattern. Buy: L&T CMP: 1600 Target: 1770 Stop Loss: 510
#LT Cash -Positional call 14.07.2021 Looks good above 1550.10 or around 1530-1535 Stoploss 1515 Target 1590-1600/1640 Cmp 1545
With steady volumes, there was a breakout over the prior high today. A break of the 1573.65 near-term resistance level could lead to a target of 1850 levels. Small amounts can be added in three stages: 1. Anticipating an breakout(now) 2. During the actual breakout 3.Retest For educational purposes only. Kindly follow your due diligence prior to taking positions.
Still looks good even after Nifty correcting 150 Points. Kindly refer to my earlier post on this swing trade.
Now Market form this structure,No clear confirmation for bullish 🤔
Buy @ C.M.P (CURRENT MARKET PRICE) Sell Target 1 :- 1500
LT LOOKS GOOD FOR BUYING AROUND 1500 WITH SL OF 1495 AND TARGET IS 1550
LT has formed an Inverted Head and shoulder pattern inside an inverted head and shoulder pattern on weekly and daily charts as well. If it closes above 1600, It might start rallying from that level. Cheers! This is as per my Analysis. Feel free to share your view about this. Please do your analysis before trading/Investing. Happy Trading.
Larsen & Toubro Chart shows a Swing Trade opportunity again. Forms a cup and handle pattern and also trend line breakout in the daily time frame. A nice trade shall be initiated here to achieve a target of 1560. Expecting a good up-move going forward to test the previous Swing high which is 1560.
- Swing trade - Rising wedge Pattern Always be extra cautious with breakout trade with confirmation .