LTOUF trade ideas
L&T Good Swing Trade Opportunity (Trend Line BO & Cup & Handle)Still looks good even after Nifty correcting 150 Points.
Kindly refer to my earlier post on this swing trade.
LT is ready for BOOM ?LT has formed an Inverted Head and shoulder pattern inside an inverted head and shoulder pattern on weekly and daily charts as well. If it closes above 1600, It might start rallying from that level.
Cheers! This is as per my Analysis. Feel free to share your view about this. Please do your analysis before trading/Investing.
Happy Trading.
L&T Good Swing Trade Opportunity (Trend Line BO & Cup & Handle)Larsen & Toubro Chart shows a Swing Trade opportunity again. Forms a cup and handle pattern and also trend line breakout in the daily time frame.
A nice trade shall be initiated here to achieve a target of 1560.
Expecting a good up-move going forward to test the previous Swing high which is 1560.
Levels for - 05 July 2021 - Swing trade
- Rising wedge Pattern
Always be extra cautious with breakout trade with confirmation .
L&t perfect moveL&t on weekly time frame lokks bullish and following upward channel from 5 years
Expecting Strong up move from here
Rsi taken support above 60
Trg 1575 and more above 1680
LT LONG.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
Head & Shoulder Pattern is Formed in Larsen and ToubroHead & Shoulder Pattern is Formed in Larsen and Toubro
Lt- A pick for the investment.Lt is giving us some signs to keep an eye on this.
Let's look at some views:-
One more View:-
Along with this i have plotted one more pattern i.e triangle pattern with price action.
2 Targets have been plotted.
Remember longer the target longer the wait time is..
Keep an eye ladies and gentleman.
Cheers and Happy Trading.
LT is bullish LT is at strong resistance, if it is broken we can expect a bullish rally.
Initial target-1800
Final target-2000
