Uptrend and horizontal support || LTLT is on an uptrend and horizontal support right now. Before the breakout, it also made a cup and handle pattern and after that, the resistance is now acting as support for it. Can be bought for a target of 1675. CMP-1593. SL is not required in such a good stock but if anyone wants, they can keep it as 1540. HIT the like button if you liked my analysis and do FOLLOW for regular swing trading ideas.
LTOUF trade ideas
L & T - DESCENDING TRIANGLE PATTERNL & T Stock is just completed Head and Shoulders Pattern which is a bullish pattern, retesting also completed and formed Descending triangle pattern with breakout. So, we can expect the stock may go long.
Good buy for short term.
Please check the chart for details. Mentioned clearly about the support and resistance points (if applicable).
I am learning as well. so please analyse the chart by yourselves before taking any decisions.
Criticism always welcome
Inverse head and shoulder breakout in LTWeekly breakout on the stock LT. A common chart pattern inverse head and shoulder. This can be a long opportunity with a stop loss of around 2-3 percent and a target of more than 200 points (13%)
Kindly note that this is not a recommendation and only an analysis. You should consult your financial advisor before taking the trade.
LT: Flag and PoleL&T formed a flag and Pole Pattern on an hourly chart. The analysis is backed by the increase in the volume of bulls at the time of the formation of the pole and the decrease in the volume of bears in the Flag formation justifying the two most important criteria for Flag and Pole patterns to give a breakout.
Still, it is the stock market so be prepared with arms and ammunition for both side movement.
Investment Idea || Larsen & Toubro LtdWeekly Investment Idea | Large Cap Stock | Larsen & Toubro Ltd #LT
1) Good weekly close.
2) Inverted Head & Shoulder Breakout.
3) No near term resistance. ATH.
Free Tip #Calculation of Target in INHS type of breakouts:
Target = R1 + (R1-S1) = 1600 + (1600-765) = 2435.
Note: Above values are approx. values. Please refer chart.
L&T - Inverted Head & Shoulder breakout🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
Comments
#LARSEN&TOUBRO :Weekly Rounding & Daily double bottom breakout#LARSEN&TOUBRO.Rounding pattern breakout green close above neckline on weekly.On daily it is also forming a W double bottom patter
Which also has broken out.Bullish momentum on all timeframes.ADX also indicating trend is good.
Long entry with tight stop loss at pattern neckline is god trading idea.