LARSEN good short candidatelarsen spot cmp :- 1525
Counter is having life time high resistance around 1570 to 1600 levels, short can be created around this levels,, for down side targets of 1450-1400
view gets negated above 1608 levels.
Risky players can also short in range of 1545-1560,, stoploss will be same,,
LTOUF trade ideas
LT in Corrective StructureLT is in a Corrective Phase, following the completion of the Motive Structure. The phase is confirmed by the fact that it is contained within parallel lines. You can expect the correction to continue further. This analysis is based on Elliot Wave Analysis. This sort of corrective structure is not just in this stock, but almost every stock that has run up impulsively in this bullish trend.
**This analysis is for educational purposes only. You may choose to plan your trade based on the current phase that is forming.**
Live Challenging Signal Buy LT @ 1396.20Live Challenging Signal Buy LT @ 1396.20
Signal Specification
Pair: LT
Entry Type: Buy
Entry: 1396.20
Entry2: 1376.45
Tp: 1507.75
Sl: 1316.65
R/R: 2.25
Our Unique Features:
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1. Follow our 15 signals ….10% equity will increase in your account for sure.
2. We are not Trailing stop! or average the trades.
3. 2% Risk Management Per trade.
4. Risk vs Reward up to 1:7.
Note:
Trade signals would usually have a risk to reward ratio of 1:2.
It means that even 2 out of 4 signals hits their SL marks, the other two would have closed with profit.
This allows you to be good in overall pips profit.
Signals are usually inter-day (Based on the daily candle) therefore, trades would usually have a holding time of an average minimum of 24 hours.
Note: Everything works with Best money management.
Note: Please leave comments for any query.
Disclaimer: This is my trading experience, it is not an invite or recommendation to trade.
Best Wishes
Forex Tamil
TrendLine BreakLT Since the breakout above 917 is trading within the pitchfork trend channel. Stock seen support near the lower trendline and resistance near upper trendline and its moving higher oscillating within the channel.
After the results tried to breakout of the channel but faced resistance near multiyear horizontal resistance near 1590 and fell back within the channel. Last week it broke the lower trendline. After that it did a BO retest and sustaining lower.
Stock is forming a descending triangle chart pattern on daily scale since price rejection around 1590. 1435 remains the major neckline support at present. Once taken out it can revisit 1332 levels.
Stock likely to bounce from the neckline support. Planning to create a positional short trade on rise or even if it breaks 1435 with proper risk management. Cant share the strategies here. But those who are following since sometime can make out basis previous examples.
LT chart analysis for 5TH MAR 2021 [Instructions below]READ THIS: Less than 05% of the analysis has failed so far. I am posting 10 a day. You can check the history.
1. Check the levels and analysis.
2. If you are new, trade in low quantity or trade with virtual currency.
3. Don't trade immediately on a breakout or a breakdown. Let the price retest the level. Then let it give a confirmation candle. Only then trade.
If the conditions are not fulfilled, it is not a breakout. It is a fakeout.
3. If (or when) the stock moves 25% to 50% in our direction, start booking partial profits. This is very important as the stocks, a lot of times, show a reversal.
3. After the day ends, come back and play back the candlesticks , if you haven't traded. Check if the levels hold.
4. Hit that like button and comment if you find the analysis is holding.
L&T Multi time frame + fibo + flag pattern In 2 hour timeframe stock has formed a flag pattern, Currently closed to proper valuation as shown by the valuation band in 1st chart. Also taking support from Demand zone .
In the30mins timeframe it has formed some price pattern and also Supported by 20 daily ema .
The Indicator Used:
PANEL 1:
1) Valuation band
KEYS: Red Faded Cloud: Over Valuation.
Grey Faded Cloud: Proper Valuation.
Green Faded Cloud: Under Valuation.
2) TE-REKAB - Proprietary Indicator
KEYS:
PB: Pullback
Blue Candle: Selling Divergence
Yellow Candle: Buying Divergence
Panel 2:
1) Daily Lines Plots Daily 20 (BLACK) & 50 EMA (GREY), BLUE (200 DAILY EMA ) Also On Lower Time Frame Charts.
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The analysis is my POV , hope you got bucks in your pocket to consult a financial advisor before investing :P :)