L&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
The 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...
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 breaking out trendline resistance with good volume buildup trading above 20 ema for educational purpose
LT | Simple triangle setup - Looks potential for 10%
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...
- 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
Chart 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.
Short LT with SL of 2265 for target of 2120 CMP: 2,220 Risk reward in favor
both 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
both 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
Keep watch over LT. A good move is expected. A breakout or a breakdown?
both side potential avoid first 15min breakout wait for 15 min candle closing targets are marked if the breakout comes after 10:00 am then the probability of winning will be more. follow risk management do your own analysis do workout do meditation start reading book
L&T shall be kept under close observation. VCP/Symmetrical triangle is under formation and any positive move in NIFTY will make it fly. Pl do your analysis before taking any position. This is for chart reading and educational purpose.
#LT Cash -Positional 19.03.2023 Looks good above 2230.10 Stoploss 2190 Target 2270-2300/2340 Cmp 2212.70