LT looks weak 1. price breached 18 and 50 EMA and today price retested 50 day EMA
2. RSI shows negative divergence
3. 12-26 and 50 -100 MACD crossed signal line negatively and 12-26 MACD is crossing below zero line
LT trade ideas
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 = L&T
Time Frame = 1 Day
Bearish Harami A bearish harami is a two bar Japanese candlestick pattern that suggests prices may soon reverse to the downside. The pattern consists of a long white candle followed by a small black candle. The opening and closing prices of the second candle must be contained within the body of the first candle. An uptrend precedes the formation of a bearish harami.
Script = L&T
Time Frame = 15 min
L&T Head and Shoulder PatternL&T has formed Head and Shoulder Pattern on daily chart.
Entry
We can go short if price breakdowns below the neckline with strong bearish candle.
Target
We can keep target near the next support zone as marked on chart.
Stoploss
We can keep stoploss above the neckline.
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LT | Channel Continuation• Expecting channel continuation Above 2215
• Harmonic PRZ is at 2348
• Entry :- 2210 to 2215
Targets :- 2297 , 2348
Stop Loss / SL :- 2137 Support zone .
LT share analysis #harishwaveanalystLT share elliot wave analysis daily time chart complete upside 5 wave and 2 or 4 trendline break
price go down wave ABC
volume decrease
rsi decrase
macd negative
LT SHORTLT has completed 5 wave structure in daily time frame and entered in ABC corrective wave pattern. It has possibly completed A-B wave and ready for C wave on down side. LT takes support of 50 EMA in daily time frame.
Weekly MACD down
Daily MACD downtick
Daily RSI is below 40 and reversed from 60
Stochastic gave negative crossover
4 Hourly trendline has to go.
#LTAfter a massive run as an ascending wave
No_Overlap is detected.
The current wave too has multiple No_Overlaps which strengthens the structure
Crossing above 1995 leads a new sprint up
Must not cross below 1830
Update
New SL 2088
Bullish Strong stock:-
. Strong on 1 week And 3 months.
. High volume than 21 days average.
. Above 200 moving days EMD.
. Near 20% to 52 week high or all time high.
. Outperform nifty.
. Open interest needs to buildup in last 3 months data.
. Breakout with volume.
. RSI above 50
. Trading view buy and strong buy tag on both by investor and technical.
. Trading view weekly and monthly both should be buy or above as per technical analysis.
Larsen & Toubro - In a strong and long consolidation stage.Going through a long ter upward consolidation stage. In this band a small term consolidation band has also formed. Upward movement is confirmed for long run . Can reach 2500 levels within 3 months time.
LT short time term tradeKey points of trade: NSE:LT
Entry :- 2210-2230
Stoploss:- weekly closing above 2238
Target 1 :- 2050
Target 2 :- 1985
Description:- L&T completed its 2nd wave correction of monthly time frame in MAR20.
It started its 3rd wave on monthly time frame and completed the sub wave i of 3rd monthly wave near 17 JAN 22.
2nd sub wave of 3rd monthly wave was completed near 20 Jan 22.
Now, it has completed the sub sub wave 1 of the 3rd of 3rd monthly wave.
The RSI divergence on daily and weekly time frame confirm some down move for further upside move.
Disclaimer:- I am not a SEBI registered analysist. please do your own analysis before jumping in the trade and consult your financial advisor.
Triangle PatternA 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 & Toubro
Time Frame= 15 min
8 feb Larsen and Turbo view8 feb Larsen and Turbo view main tain short view as soon as cross the lne below
LT possible shift in trend after todays downmove trend line breakdown witnessed today
resistance marked at higher zone
while in short term as long as trading below today's high areas can witness a retest of marked support zones
Larsen & Toubro - Cup & Handle Price is consolidating above the neckline after two times testing
the resistance as support.
Pin bar formation with a gap up opening is giving a good entry.
Cheers,
priceNpedia
Inverted Head and Shoulder in L&TInverted Head and Shoulder in L&T (SL on 15 min. candle close)
PRZ for Buy 1979
SL 1797
Target : 2500
CMP 2144.90 @ Feb 02, 2023
Chart by CA Savita Rehlan
Lt buying opportunity lt will go up to onew percent plus it is also budget day so buy lt and hold it till it gives 1 %
forming falling channelin 15 mimute chart LT forms the falling channel.its breakout confirms at price trade above 2130, and its sl is 2100 , first target is 2170 second target will be 2196
Larsen & toubro Cmp 2160 dated 27-1-2023 Parallel channel BDLarsen & toubro Cmp 2160 dated 27-1-2023
1. Parallel Channel breakdown @ 2130
Sell below 2130 for target 2095-2070-2040-1985 SL 2205
Disclaimer :
I am not a SEBI registered Analyst so please do your own Analysis before taking any action.
The above view is shared just for educational purpose.
By no means shall be responsible for any losses amounting out of it incase if any trades on it.
It is just a view, please trade at your own risk.
Larsen & ToubroUnder support zone. If it breaks then will go to 1500 levels . Otherwise have chances to cross 2500 levels .
