L&T : Forging a New Path to The SkiesTechnical Analysis
Chart type: Daily
Chart Pattern : Symmetrical Triangle
RSI: Above 50
Price: Above 20 & 200 SMA
View: Breakout and News
Expected Targets : 2260,2300,2340,2400
Expected Support: 2200,2160,2100
LT trade ideas
L & T Trendingchart pattern triangle breakout retested level and breaks swing high
look for more upside from here
LT - Ichimoku Bullish Breakout Stock Name - Larsen & Toubro Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 2369
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
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LT A Triangle Pattern under formationA Symmetrical Triangle Pattern seen under formation on charts of LT. Symmetrical Triangle Pattern is a continuation pattern and formed in either an up trend or down trend. During the up or down trend a symmetrical triangle forms as a part of consolidation with higher lows and lower high pattern. One should wait for completion of the Pattern at the narrow end, and the successful breakout in the direction of trend will confirm next leg rally. Keep watch
VIEW ON LTGood charts
Ready to make new highs
Target 2300/2330 after 2330 more up move can be seen
Stop loss 2252
I am just representing my views.
For educational purpose only.
LT LongStock Breakout of Symmetrical triangular pattern & then retested the BO region....now ready to make new highs...
ONLY FOR EDUCATIONAL PURPOSE....KINDLY DO YOUR OWN RESEARCH
Triangle pattern End of impulse . A small bull run is pending.
Once the bull run have completed then correction is gonna take place. Wait and watch the pattern formation.
I’m not a SEBI advisor. This is only for education purposes only.
I share my knowledge.
L&T For TV 1234................ ENJOY UR RIDE........ Be Patient...... If your into it for the LONG HAUL...... STOP LOOKING at it on a DAILY basis. I havent marked the waves..... YOU decide whats to happen next !!!!!
L&T Long 30 daysAccumulation zone -
Factors
1) Volume is more than average 4 times
2) Buy volume is max in this rage
3) histogram is positive
4) positive result from last 3 quarters result ( more than expected)
5) more Central Gov projects lined up for next fy year
6) 24 * mutual fund is positive for the following PE result
All-time new high will make
con
1)- 2 mutual fund holding changed (sell) in this phase
LT price actionLT weekly closing tomorrow, can possibly be highest every weekly closing. Other price action related aspect which are my observation on this chart are explained in it.
Overall looks very strong on charts
luking bullish on weekly basisLuking bullish after 4 month consolidation.
best entry price 2298 on weekly closing basis.
SL 2160
luking bullish on weekly basisL&T luking gud after 4 month consolidation.
if it gives breakout on weekly basis then we can enter.
best buying price above 2298
SL 2160
only for educational purpose
Larsen & Toubro - Breakout of Triangle pattern - Swing TradeThe analysis is done on Daily TF hence price may take few weeks to few months in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
Triangle Pattern A triangle chart pattern involves price moving into a tighter and tighter range as time goes by and provides a visual display of a battle between bulls and bears.
Script = Larsen And Toubro
Time Frame = 1 Day
LT TREND LINE RESISTANCE BREAKOUTLT breaking out trendline resistance
with good volume buildup
trading above 20 ema
for educational purpose
LT | Simple triangle setup - Looks potential for 10%LT | Simple triangle setup - Looks potential for 10%
LT LONG ( TOPI CHANGED )LT has given triangle breakout in daily time frame with good volume.
Big targets are open on upside. I think this is just a trailor.
Weekly MACD is up
Weekly macd has given uptick
Daily macd has given pco and toggling near zero line.
Weekly RSI is above 60
Daily RSI is above 60
Daily stochastic has given PCO from oversold zone
Weekly ADX is strong
Daily ADX is at good level
Symmetrical Triangle BO- 1st the stock Broke the ATH and then consolidated above it in a Symmetrical Triangle
- Good BO of symmetrical Triangle with volume
- Above All EMAs
- Bullish RSI
Triangle pattern breakout in LT hourly chartChart patterns work amazingly well in markets where momentum is building. Just like current times where a counter-trend rally is ongoing. I spotted a triangle pattern being formed in hourly time frame in LT. See how beautifully it broke out.
I entered when RSI was touching 60. DId test me for a day before breaking out.
intradayboth side potential
avoid first 15min breakout
wait for 15 min candle closing
targets are marked
follow risk management
do your own analysis
do workout
do meditation
start reading book
intradayboth side potential
avoid first 15min breakout
wait for 15 min candle closing
targets are marked
follow risk management
do your own analysis
do workout
do meditation
start reading book
