Larsen & Toubro Ltd.
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Breakout in LTDisclaimer :- This is not any buy or sell recommendation. It is just my view on this counter. Kindly consult with your financial or investment advisor before investing.
On the daily chart of L&T stock has given a fresh breakout on Thursday from upward channel pattern. And it has been retested on it's upper channel band on this Friday and candle has closed above the channel. So, we can expect this bull run will be continued on this counter.
First support level is around 1715. And as per the Fibonacci next upside level is 2057 but this level is so far from here. So, that's why I marked on 1900 and 1975 manually for the first and second target respectively and my third target is 2057.
Thank You :) Happy Trading :) Happy Investing :) Over & Out :)
LT 1hr analysisLT has given a breakout from a wedge pattern
and it has now come to retest the upper trendline
we might be able to see the higher levels if it
sustains above the upper trendline,
entry above 1750 nd we can hold it for 10%
LT Seems BulishSymetrical Triangle breakout in daily
leads bullish momentum may continue
concentrate if price sustain above 1781 in daily
BUY BUY BUY@Thakurji46 From Trader for Trader💸 Buying the Dips and Selling the Rips #TrendAnalysis📈 #PriceAction👨💻 #ChartPattern✍️
LARSEN good short candidateCounter is on verge to complete its impulse phase of elliot wave,, on weekly time frame,,
as per time cycle combination,, time of wave1 and wave 5 are equivalent and price wise also some calculative match are seen
bearish divergence on rsi and macd,, on weekly time frame,, suggest the trend is on verge to mature,,
good fall of 10-15% can be seen in counter
good short candidate
L&T | Decent Cup & Handle visual - Looks good for 20%L&T | Decent Cup & Handle visual - Looks good for 20%
CMP : 1500 (Dip : 1460)
SL : 1400
Target : 1750 (calculated based on depth of the Cup and Fibonocci)
Almost 1:3+ risk reward setup
Watch LTLT on a monthly basis taking multiple resistance at the top of the channel.
If it breaks and sustains above channel top, we can consider for medium term or short term.
Please analyse your self before investing. I’m not a registered analyst.
Larsen and Turbo long term analysis. If L&T break the green trendline then we may see L&T around 2500-2600 in 2-4 years, If we are not able to break the green line then the below red trend line can be seen as a buying opportunity after getting rejected by the green trend line.
L&T LongL&T has formed a very good support base of 1500-1600.
In the past the stock has tested 1500-1600 levels multiple times and failed to break it, this 1500-1600 acted as supply zone back then.
After the breakout - Now the same zone will act as a demand zone and price sustaining well above.
This shows buyer are active and the stock has now spent enough time to gain strength and looking to start gaining momentum to break the 2000 mark and make new All time high.
Entry CMP - 1700 TO 1600
Target - 2400
Why L&T now?
L&T remains the best play in the infra space.
The increased value of IT subsidiaries can bring more upside.
Cons: Capex intensive ( Man, machine ) and government policies has impact on mega projects ( could be positive this decade).
May not be a multibager - but a safe, dividend paying consistent ROCE to have if you are looking at portfolio diversification for long term.
Slow compounder getting readya must-stock in the watchlist looks all set for the next bull run. good to enter above 1750.
slow yet strong moverplace bets accordinglfollowing gan as well as fib pattern.
allied L&t peers have performedvery well across sectors.
will surely reflect on the company performance next quarter
FOR LEARNING PURPOSE ONLYAfter So Much Of Time Putting Into Got A Stock Which Can Move Either Up Or Down From The Part Mentioned.
If It Gives Breakout Than A Good Target Can Be Achieved.
Please Do Like And Follow For More 🙏.
L&T forming an rising wedge patternRising wedge pattern usually means a fall is expected soon and there is also a bearish RSI divergence
L&T Breakout Zone For ATHAs we can From Last 2-3 days Give good rally recoverd from lower levels ...no since morning Its Cosolidation Zone and not even Falling
From Last 2-3 days its facing rejction At 1725-128
So will Wait For BReakout
May it give Breakout Today Also or in Coming 2-3 Sessions
Keep An EYE ....we can See Good Moment
Buy Above- 1730
Target - 1750/1760
SL - As Per Own Risk
Key level to watch out in L&TIt is a large cap scrip, it is in an uptrend for a long time and now it is near to the multiyear resistance. There can be a huge up move in this scrip if if breaks that resistance, so do watch out for this level and set an alert on it. Don't short this scrip until it breaks the support zone and better to short after the pullback. Point to be noted is that the volume are contracting with the rise in price which signals a trend reversal.
Don't speculate, act according to the price action.
