LT SHORTPositional Short LT in between PRZ 1432-1430 with BEARISH price action confirmation only with SL 1451
Target 1= 1385
Target 2 = 1355
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LTOUF trade ideas
BIG Trend reversal in Larsen & ToubroLarsen & Toubro day chart. Falling channel BO is seen , BO came with formation of double bottom. The stock has made double bottom at support levels which its respecting from Jan 2021. Volume BO is also seen. The price seems to have reached a bottom after failing to break through a support level and ultimately rising higher in a sign of reversal to a new uptrend.
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➼Larsen and Toubro | 3% Risk with 13% Reward | Earnings special Enter now as a power candle has entered the game, lower triangle breakout = done on supports with volume and biggest candle since budget day.... risk is of 3% on capital.... earnings are near .... anticipatory red dots trendline breakout means will retest the ATH lvls, intraday basis seems good for 3% more till the bigger trend line that is 1:1 rr,,, if broken in a day or two = good earnings might be displayed + ATH test can take place.