Larsen & Toubro Ltd.
No trades
Trade ideas
LT | Good for Long | Falling Widge BO |NSE:LT
Cmp : 1611
Entry : Above 1612
Stop Loss: According to one's Risk Reward ratio
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LT : Buying interest emergedLarson & Toubro
1. It is one of the counters that never participated in NIFTY's bounce back.
2. Started showing range expansion after spending a good amount of time in consolidation with low ATR.
3. ADX turned positive.
4. Good to go long on dips around the 1610-1630 zone. SL 1570
5. TGTs are previous highs.
Positional Pick(Larsen and Toubro)The Stock has given a breakout from a falling wedge kind of pattern and also formed a bottom in higher timeframes.
Can be Brought At CMP from targets of 1670(Swings) and 1740(Positional Basis).
Fundamentally, Stock is very strong could be a nice time for investing (Short to medium term).






















