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 looking bearish not sustain 2200 levels for intraday + 1day candlestick shooting star + majar trendline resistance multiple reason for short stock okh
The stock is in a uptrend for many months and reaches highs , but i think there is a consolidation in this stock now, i consider the triple top pattern levels now, today it come down its 50 EMA levels and 3 times in history its show decrease in break down of its 100 ema . in the coming days it will break down and cross 100 ema and its price fall....my second analysis
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
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
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...
L&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 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...
After 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
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...
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.
