LTOUF trade ideas
LT up move may continue (Analysis 27/10/22)LT stock has given a break out and has crossed 61.8% fibonnaci level on the daily time frame.
The stock was trading around its 20 DMA and consolidated for 10-12 days in a narrow range.
In the last trading session, the stock has given a 2% up move with nice volumes.
The stock has formed a nice price action pattern.
3 points confirmation.
1. Break out of the consolidation.
2. Retest of 20 DMA.
3. Closing above 61.8% fibonnaci levels.
The stock has given a nice up move and the move can continue once the stock crossing 1950.
Target :- 1978-85, 2045
Stop loss :- 1930
Intraday and swing trades can be carried in the stock.
Wait for the price action near the price level before entering the trade.
L&T - New LeaderA stock that hassnt fallen along with markets. Most of its verticals are doing well.
Infra, IT & now even financial is starting to pick up.
I have always called this stock a Tata Sons Jr. (only we can own the main company in this case).
Watch for this stock above 1981. Its had a long long under performance and only large year kicks into top gear..the momentum could only be starting here.
LT - Swing Reversal with Bullish MomentumNSE: LT is closing with an strong bullish momentum candle supported with high volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been consolidating for the past few days and moving along the trendline which is indicating demand.
One can look for a 8% to 12% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
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Disclaimer:
This is for educational purposes only.
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 1973
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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# Ichimoku Cloud
# Ichimoku Followers
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break the head and shoulder pattern l&tHello everyone, today I will show you L&T chart pattern. Yesterday a friend of mine showed his technical analysis on TradingView. They show us all L&T chart patterns. I study on that specific L&T chart pattern. Than I also suggest you. Buy L&T around 1650. After coming days it is going to go up because its bullish in the week and also on the day chart that's why i suggest you buy 3 to 4 weeks and increase your ride enjoyment gradually.You can also buy future and call as you wish and you have another option equities. And I also suggest you have a more safe side of Equity when you want to earn money because Equity gives you money time and time again. Because we know that we show charts and much more in the stock market. The shard will be going up and down on behalf of all this. But we don't know how long it will take so I told you always keep time
LT - MULTIPLE BREAKOUT 📊 Script: LT (LARSEN & TOUBRO LIMITED)
📊 Nifty50 Stock: YES
📊 Sectoral Index: NIFTY INFRASTRUCTURE
📊 Sector: Construction
📊 Industry: Engineering Designing & Construction
Key highlights: 💡⚡
📈 Script has given breakout of BB Upper Band.
📈 MACD is just giving crossover.
📈 Already Crossover in Double Moving Averages.
📈 Price moving along with volume.
📈 RSI was facing hurdle at 74 level and gave breakout shown in chart.
📈 There is Trendline Breakout also.
📈 Right now RSI is around 78.
⏱️ C.M.P 📑💰- 1936
🟢 Target 🎯🏆 - 2078 & 2247
⚠️ Stoploss ☠️🚫 - 1827
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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Happy learning with trading. Cheers!🥂