LTOUF trade ideas
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!!!
is larsen & toubro will be able to complete cup and handledear traders,
we can see a new opportunity to buy larsen and toubro.
you can also seen it is trying to create cup and handle formation after breaking our last trendline.
so, it is our request to all of hold it if you buy it at trend line its a good fundamental share.
happy investing/trading
regards,
HPS limiteds
L&TA classic Cup pattern formation & stock at support of 1460, indicates after a confirmation candle 1st target is its previous resistance of 1572 & once this target is achieved a Cup pattern will be formed on Day charts. Next target after a breakout should be 1726. If you are planning to enter now, enter with the SL of 1307, Risk-Reward is favorable now since the stock is at its previous support.