what to next ?if candle break the tradline with volume confirmation without breaking 1397 price lavel (ignor gap up opaning).than L&T ready to fly.
Larsen & Toubro Ltd.
No trades
Trade ideas
Moving in parallel channelHad taken good support. Wait to break the channel and resistance level market in chart for long.
If breaks support can expect some shorting opportunity up to 3%.
M views on LT. For Educational purpose. Share your views.
stable company with good returnsAwesome L&T
good brand value
buy at support
sell at resistance
previous returns are more
but waiting time is more
and there is no worry
with a stop loss can give you good returns
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,,
Stock LT - LARSEN & TOUBRO LIMITEDStock LT - LARSEN & TOUBRO LIMITED. intraday level for 16 march2021
LT buy at dynamic support lineBelow 1462 support , Buy at red line sell at blue lines. Even if support of red line breaks 1440 is a strong support. Long term target 1600 1800+ . Every dip buy at the red support in small quantity once support is taken
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.**
LT Looks Strong LT :
Looks Strong to move to a higher domain
Resistance breakout possibility
Long above 1577 with a SL 1560
LT - Looking good for Buy SideLT Looing good for Buy Side. Check the chart marking for more clarification.
LT watch Wait for breakout or drop among the levels.
Targets and Supports are on the charts . BUY ON DIPS
LT Sell if broke below trendlineSell if broke below the trendline and use the dotted red lines as tps
L&T- Two Way Plan***SHORT TERM ANALYSIS***
Buy Above 1485 for Target 1525-1530,
Sell below 1435 for Target 1390-1395,
(Buy /sell will trigger only on candle Closing on any of the above mentioned levels)
A positional Breakout Pattern in 'L&T'Keep L&T on your watchlist... I am expecting a breakout between 15th - 17th of March. Again, it's just an educational analysis and if you loose, then it will be your responsibility... Happy Trading:)
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.
