LTOUF trade ideas
#LT Long Swing Trade OpportunityOn the charts, there is a huge volume price-volume breakout from the retracement trendline.
For my entry at 1894 with an SL of 1800 - which is 5% of my buy price - I'm anticipating prices to attain a target of 2094.
It is a 1:2 R:R trade.
The caveat emptor principle applies here, as it does in every trade. Stick to your principles and rules.
Best of luck!
Breakout In LARSEN & TOUBROA Range Breakout on WEEKLY and DAILY Timeframe can be seen in LARSEN & TOUBRO. Would suggest to go Long or make long Position at CMP or also can enter in that zone if it doesn't close below the zone on weekly timeframe. Can be a good positional trade for the target of level 1885 or you can also consider latest dip as a upside target with strict stop-loss of 1511 level OR you can also consider given zone as a stop-loss if breaks and closes below the zone in weekly timeframe at 1585 level (only on closing below basis on weekly timeframe). And if manages to close above the given zone of 1586-1607 in MONTHLY TIMEFRAME chart it'll be considered as a MULTIYEAR BREAKOUT, Will update Target if SO happens.
THIS VIEW OF MINE IS PURELY BASED ON TECHNICAL CHART, BEWARE OF NEWS AND OTHER FACTORS WHICH CAN AFFECT THE MARKET SENTIMENT.
BUY L&TAccording to chart analysis this stocks trade in parallel channel so we can buy at bottom level trade line and according to chart analysis very high convention to go up side.
Buy Swing trade @1815 for target 1860.
if it break 1860 with increasing volume then target rally should be 2000-2100++
LARSEN AND TOUBRO ( EDUCATIONAL PURPOSE ONLY)Nothing guaranteed and Nothing over week
Invest or trade according to your loss bearing capacity
STOCK FOR EDUCATIONAL PURPOSE ONLY
LARSEN & TOUBRO LIMITED @ 1835 with target of 2000.CMP IS 1814.25
STOP LOSS: ACCORDING TO YOUR RISK APPETITE OR ONE OR TWO PERCENT BELOW 1800.
Disclaimer: I am not Sebi Registered. All my ideas/opinions and analysis is for your information and educational purposes only and it does not constitute any recommendation to buy or sell any stock or index. Use your own wisdom.
M B PANDEY
SHARE MARKET ANALYST
B.Sc. (MATHS & PHYSICS)
Trying to spread happiness and knowledge
Disclaimer: I AM NOT SEBI REGISTERED
[POSITIONAL] LT LONG BET
risk: Reward ratio is 1: 2
Rest as per Charts
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Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at all.
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I use shorthands for my trades.
“Positional” - means You can carry these positions and I do not see sharp volatility ahead.
“Intraday” -means You must close this position at any cost by the end of the day.
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Always follow a stop loss.
In the case of Intraday trades, it is mostly the “Low/High of the Candle”.
In the case of Positional trades, it is mostly the previous swings
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L&T Multi-year BreakoutConsolidating in expanding channel pattern since 2009. Is finally giving breakout after more than 1 decade. Fundamentally strong company and giving technical breakout. The risk: reward is very favourable of 4:1. This is a mid-term trade with approx. 9-10 months but can deliver 100% from current market price.
The are good number of support and resistance points with beautiful pattern. Waiting for October candle to close above the resistance line and the stock is ready to fly high
Head and Shoulder Setup EXPLANATION : This is a 1 hour time frame chart of LARSEN & TOUBRO . It has formed Head and Shoulder pattern , If give a strong breakdown and broke its Demand zone with high volumes and retest the same , I am bearish on LARSEN & TOUBRO . If give a fakeout trade with confirmations . LARSEN & TOUBRO Result on 27 Oct '21 .
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#larsen&toubro trending up from rounding breakoutThe stock continue trending up well within a channel after the rounding pattern breakout many weeks back.
Momentum and trend indicators are in bullish zones on all timeframes.Volumes are decent above 20 moving average.
Have tight stops for short swing trades as there could be weekly bearish divergence that could pull it down.
However the pattern could eventually retrace to form a cup and handle also for positional trades where breakout neckline could be stop loss