LARSEN AND TOUBRO LONGIT IS CLEAR HANDLE AND CUP FORMATION IN THIS STOCK AND ALSO TRADING IN THE IDEAL BUYING ZONE
LTOUF trade ideas
LT 1D TF Cup and handle formation along with the breakout of the handle.
Hammer formation at 0.5 Fib level, Took support at the same
Indicating a bullish sentiment bracing towards ATH
L&T - Inverse & Head & Shoulder formation under progressL&T is making Inverse head and Shoulder, Target shall be 1830 to 1860 as per Head height and also, as per W.D. Gann Levels. Keep and Eye.
LT - buy at lower levelBuy from 1495 to 1485
easy target - 1509
tg2 - 1530
Disclaimer : This is my personal analysis for study purpose not intended for trading
LT at its best crucial resistance zone ! ! ! Try to catch the momentum after its breakout , of course wait for retest
Cup & Handle Pattern Can hope for bullish moment In LT & taking Position on this breakout will give you more rally. Buy @ LTP Sl 1469 Target 1567 and after crossing neckline trail your Sl
LT Short Term Trading Set up 3 Taking Support from 50 Daily EMA. The structure is already provided for reference along with S&R LEVELS. Expecting 1517 or 1535.
The Indicator Used:
1) Daily Lines Plots Daily 20 (BLACK) & 50 EMA (GREY), BLUE (200 DAILY EMA ) On Lower Time Frame Charts.
2) Valuation band
KEYS: Red Faded Cloud: Over Valuation.
Grey Faded Cloud: Proper Valuation.
Green Faded Cloud: Under Valuation.
3) TE-REKAB - Proprietary Indicator
KEYS:
PB: Pullback
Blue Candle: Selling Divergence
Yellow Candle: Buying Divergence
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The analysis is my POV , hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING!!!
buy LTit has taken support of 50EMA and also it has closed abv 21EMA. we may see around 1570 in coming days. view negated below 1469
Larsen and Toubro Long for a possible breakout to 1800 LevelsLarsen and Toubro has formed a cup and handle formation and is starting wave 3 of elliot wave, First Target of 1800 + levels can be easily achieved in July.
Larsen TubroLT showing good strength revesing back from support with good volume good at current levels as well ,once it break 1510 will be confirmation its bullishness.
