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.
LTOUF trade ideas
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
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.