LTOUF trade ideas
good long term stayLT looks promising to stay long
disclaimer - advice not to be taken as tip to trade
can we expect a breakout?logic- multiple test or a head and shoulder type pattern. If the above zone is taken out we can expect good move . sector too looks strong keep the stock in your watch list keep alert. short term trading. don't enter blindly on these stocks enter with entry patterns or wait for a pullback or else once breakout can enter sl as previous pullback as per your entry pattern. follow your risk
LARSEN & TURBO-- GO LONG (continuation)last entry point was the bottom of this wave....
entry -- after breakout
L and T for 6 1 yearPls follow the chart.
Entry and exit is mentioned..
Do your study before investing.
(only for study purpose)
buy LTit has crossed its resistance level at 1447 and also it is sustaining abv the same level. we may see around 1575 in coming days. view negated below 1400
Professional Out Look as Wave Analyst Well i have seen Many SO called self Claimed Wavers , But reality is far away from them ,
I am presenting this chart for almost every fallen heart who lost the Money in the stock Market in recent months I have received almost more than 280 Emails in this April month Expressing their deep losses and errors they have done in the stock market trading typically Major loss they took it not because they traded their own in fact their own method have Gained them some income but they lost Major amount following in
01) Telegram , both paid & Free
02) Tweeter , Blindly following
03) Options Calls Provider ( Top scammers )
04) Friend told to buy and they took loss
So all above reason have put them in deep draw down state , So my advise never do it again
Now this script is about to Make its U turn , So wait for another week for Turn around , do not rush for buy , or Minimum wait for Strong Green Candle to Close on daily
before you buy it ,
Trade in cash you will be saving lots of Money , Trying to trade in F & O you may lose all or current capital ,
Invest for a Month or 2 month to take advantage of this move and then Book profits near the specified level
Hope you will enjoy this 40 % + Trade and make some Money
Good luck
LT Resistance Breakout ViewLT :
Resistance Breakout Possibility
Looks strong above 1580
Immediate Support at 1550
Larsen & Toubro - Potential weekly breakoutLarsen & Toubro weekly chart is looking good for a potential breakout above 1600.
Target: 2000
SL: 1270
Note: For educational purpose only
Intraday levels - 07 June 2021 - Price action
- Bullish pennant pattern / Symmetrical triangle pattern shows wait for break out .
( use pivots for target )
LT 1D TF At point D of harmonics,Might tumble down from here.
But the stock is near ATH, So not ruling out it's high potential towards Higher highs.
Long above 1537.35
LarsenCurrently at Support.
Now fresh selling only when it breaks the support zone.
Keep an eye, Longs only when you see it close above 1400.
CUP AND HANDLE PATTERN IN L&T CHARTL&T IS SHOWING STRONG SIGNALS OFF UPSIDE WITH BOTH TECHNICAL AND FUNDAMENTAL HAVING ITS SIDE, STRONG ORDER BOOK, IN ANTICIPATION OF STRONG ECONOMIC RECOVERY .
TECHNICAL SIDE IS ALSO GOOD AS IT IS FORMING ITS LONG CUP AND HANDLE FORMATION WITH HEAVY VOLUME,ALL THE INDICATIONS SHOWING STRONG BUY SIGNAL. WE CAN SEE A SIGNIFICANT UPSIDE FROM THE CURRENT POSITION.
CURRENTLY STARTING ITS 5 ELLIOT WAVE WHICH GIVE US MORE REASON TO BUY AND HOLD IT WITH YOUR SEAT BELT TIGHT.
News Based stock ✌✌As L& T Got Work Order For submarine production it have the Potential to move Further so keep on your Radar to catch the momentum.
LT ready to rocket!! Great Opportunity It is rare to get good opportunities in such great fundamental stocks.
On Breaking its 1600 resistance one can long for good gains.
if it doesn't break the resistance now, it will come back up again to break it in next attempt, keep an eye.
consult your advisor before taking any trade.
Larsen & Toubro - Positional Idea | Inverse head & Shoulders Key Highlights:
1. Bullish market structure - HH, HL
2. Volume expansion
3. Forming Inverse Head & Shoulders
4. Approaching major resistance zone 1537-1603
5. Close above 1600 will trigger a rally to 1800+
7. Target: 1846, 2163, 2517. Stop Loss: 2185
8. Time frame: 12-15 months
You are always advised to use an appropriate Risk-Reward ratio as per your strategy.
P.S: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
Downtrend and Horizontal breakoutDowntrend breakout with a proper retest and now a horizontal breakout also. Good fundamental stock to buy for the short term. Target can be 1550.
Please Like and follow!
Happy Trading :)
Larsen & Toubro Buy ≒ 1525Buy ≒ 1525
Target ≒ 1750
Stop Loss 1450 (Daily Close)
Stop Time 23rd Jun
Min RR 1:3 at Entry
Max Risk 3% of Capital
