LTOUF trade ideas
BUY ON DIPS L&T WITH SL BELOW 1400 TGT 2000/2500++ LONGTERM BUY ON DIPS L&T WITH SL BELOW 1400 TGT 2000/2500++ LONGTERM BREAKOUT
L&T Inverse Head and shoulders patternL&T showing inverse head & shoulder pattern breakout on weekly chart..Also stock is at all time high & in uncharted territory..
Accumalate around 1500..
Target- 1700,1800,1900,2000
LT LONG : All targets done.Please check my idea posted previously on 23-06-21. The trade has turned out beautifully and all targets have been reached and LT has closed at an all time high of 1618.
LT has been in a nice uptrend, continuously making higher highs and higher lows. After the recent pullback to the 20 EMA , a nice continuation candle has formed. A long can be initiated keeping in mind the following levels, only if it sustains above long level for 15 minutes.
LONG ABOVE : 1505
STOP LOSS : 1469
TARGET 1 : 1541
TARGET 2 : 1577
L&T BreakoutL&T has made good consolidation. now it has given a breakout of inverse Head and Shoulder pattern.
Buy - 1590-1600
Target - 1850
L&T clearly showing cup & Handle with Breakout.In some days/Months L&T will be reach up to Target 1840 with SL 1440. its creating cup & handle with strong breakout. also adding more investors in it with good volume.
LT - Inverted Head and shoulder🔴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
L&T - Breakout with strengthOne of the few stocks and the infra sector showed a lot of strength this past week.
We can expect some continuation since this is a sector which didnt perform for most of the rally.
C&H breakout plus the stock has already broken out. I have said in the past as this company matures it will become like a Tata Sons where they will get high dividends from its IT triples.
Long at CMP with SL below marked price.
You can also look at a few smaller infra players.
LT_WAIT FOR THE PRICE CORRECTIONLT has shown a good move last week. Dont rush to go long at this level. Price may correct and then one can go long.
(for educational purpose only)
L&TBeautiful Double Bottom support in L&T , Keep an eye. If breaks 1500 with good volume, it will move its journey towards 1600.
CUP & HANDLE BREAKOUT OUT IN LTNSE:LT
CUP & HANLDE breakout in stock with volume
Stock is showing sign to make uoward move.
now breakout level should act as a Support
STOP LOSS can be placed below BO candle.
considering recent (2nd) Rounding bottom Depth (100-120 points) 1st POSITIONAL TARGET would be around 1680-1700.
and for med-long term target once can consider depth of CUP (1st rounding bottom)
But one should always maintain TRAILING SL
** EDUCATIONAL PURPOSE
LARSEN & TOUBROPRICE IS AT ALL TIME RESISTANCE LEVEL.. #IF IT BREAKS AND SUSTAINS# ..THEN IT ENTERS INTO BLU SKY ZONE..THERE AFTER..ANOTHER STORY OF UPMOVE WILL START..IT ALREADY TRIED TO BREAK THE LEVEL BUT FILED..THIS TIME AGAIN TRYING TO BREAK WITH GOOD MOMENTUM..FOR LEARNER VERY GOOD STUFF TO LEARN..OBSERVE IT.
LT approaching a crucial resistanceStock of L&T is forming an Inverted Head & shoulders in weekly Time frame with the zone of 1580-1600 as the neck line.
One can go long ONLY if there is a weekly closing above 1600 for minimum target of 1900 with SL as 1450 DCB.
On daily TF too, the stock is making an IVHS at the same level which can be a congruence to the analysis.
This is just for educational purposes. Hope you find this analysis interesting!
PATTERN ANALYSISGOOD BREAKOUT HAS BEEN SEEN.
BETTER IF IT RETEST AROUND 1580 LEVEL, AND THEN SHOW UP MOVE.
AGGRESSIVE ENTERIES ARE WELCOME ANYTIME.
WHAT ARE YOUR VIEWS??
lt old vs new cup and handle old cup and handle was perfectly followed Technical analysis
same pattern has been created and hoping for same
