LT trade ideas
L&T making flag pattern. Wait for Break out with volume for longA simple low risk chart pattern with high reward potential.
Short LT Short if crosses 1360
can go upto 1325-30
Bearish inside candle market also volatile and bearish mostly
LT - Break expected - 1414 is the keyPrice ready to break the pattern. Wait for the close above 1414 for long.
Price after making a good fall forming a pattern to break the resistance and move further up.
LT in consolidationAfter down trend in parallel channel, Now break the channel and in a consolidation mode.
Levels to watch marked in chart. Ready to fly!
For educational purpose, Post your views, it will be great to encourage me.
LT buy Buy from cmp 1400 to 1384
tg 1440
Disclaimer : This is my personal analysis for study purpose not intended for trading
Channal Pattern formation in L&T The stock of LT formed parallel Channel on the daily charts,Entry level is above 1550 with the SL of 1490 for the target Levels of 1650-1670.
what to next ?if candle break the tradline with volume confirmation without breaking 1397 price lavel (ignor gap up opaning).than L&T ready to fly.
Moving in parallel channelHad taken good support. Wait to break the channel and resistance level market in chart for long.
If breaks support can expect some shorting opportunity up to 3%.
M views on LT. For Educational purpose. Share your views.
