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Larsen & Toubro Ltd.Larsen & Toubro Ltd.Larsen & Toubro Ltd.

Larsen & Toubro Ltd.

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L&T: Cup & Handle FormationLT: CUP and Handle Formation: Prices are likely to resume it's uptrend towards 4100-4150 zone in the coming weeks, with any weakness holding above 3500 zone. The Cup with Handle is a bullish continuation pattern that marks a consolidation period followed by a breakout. It was developed by William O'Neil and introduced in his 1988 book, How to Make Money in Stocks. As its name implies, there are two parts to the pattern: the cup and the handle. The cup forms after an advance and looks like a bowl or rounding bottom. As the cup is completed, a trading range develops on the right-hand side and the handle is formed. A subsequent breakout from the handle's trading range signals a continuation of the prior advance. Trend: To qualify as a continuation pattern, a prior trend should exist. Ideally, the trend should be a few months old and not too mature. The more mature the trend, the less chance that the pattern marks a continuation or the less upside potential. Cup: The cup should be “U” shaped and resemble a bowl or rounding bottom. A “V” shaped bottom would be considered too sharp of a reversal to qualify. The softer “U” shape ensures that the cup is a consolidation pattern with valid support at the bottom of the “U”. The perfect pattern would have equal highs on both sides of the cup, but this is not always the case. Cup Depth: Ideally, the depth of the cup should retrace 1/3 or less of the previous advance. However, with volatile markets and over-reactions, the retracement could range from 1/3 to 1/2. In extreme situations, the maximum retracement could be 2/3, which conforms with Dow Theory. Handle: After the high forms on the right side of the cup, there is a pullback that forms the handle. Sometimes this handle resembles a flag or pennant that slopes downward, other times it is just a short pullback. The handle represents the final consolidation/pullback before the big breakout and can retrace up to 1/3 of the cup's advance, but usually not more. The smaller the retracement, the more bullish the formation and significant the breakout. Sometimes it is prudent to wait for a break above the resistance line established by the highs of the cup. Volume: There should be a substantial increase in volume on the breakout above the handle's resistance. Target: The projected advance after breakout can be estimated by measuring the distance from the right peak of the cup to the bottom of the cup.
NSE:LTLong
by TradingSutra
Buy LT at 3340 and hold it positional On Our Harmonic pattern indicator based trade setup take trade as explained below :- Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target , When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% .. Please note:- It's working on news based and volitile market very well so exit if SL hit
NSE:LT
by JaiPrakashShuklaHarmonicTrader
Important price levels of Larsen & ToubroLarsen & Toubro, on a monthly chart, started a bull run from price level of 800 to 3600 with few retracement and consolidation in between. Now on monthly chart a shooting star has formed and the next candle has closed below the shooting star. Now this indicate a retracement in price. According to Fibonacci retracement, the important level in lower side is 3000 and then 2750. The volume analysis also indicates that a retracement is possible on L&T.
NSE:LT
by Kalyan_Mukherjee
l&t for swingLarsen & Toubro (L&T), a significant player in the infrastructure and engineering sector, is currently displaying notable technical patterns on its charts. Technical analysis indicates the presence of a round bottom formation, suggesting a potential reversal and the beginning of a bullish trend. Investors observing L&T may find the round bottom pattern intriguing, as it often signifies a shift from a downtrend to a potential uptrend. This pattern is characterized by a gradual decline followed by a rounded consolidation, and its presence on the charts can be indicative of a favorable turnaround. Moreover, the breakout from the round bottom is a crucial signal for traders and investors. The breakout suggests that L&T's stock may experience upward momentum in the near term. Specific levels on the charts can be identified as potential targets for both short-term traders and long-term investors. For short-term traders, the breakout levels serve as strategic points for setting achievable targets, aligning with the anticipated upward movement. Long-term investors may view the breakout as a positive signal for L&T's future prospects, potentially leading to sustained growth. As with any investment decision, thorough research, consideration of the company's fundamentals, and staying informed about market trends are essential. Utilizing technical analysis, such as recognizing breakout patterns like the round bottom, can provide valuable insights. Consulting with financial professionals or advisors is advisable for personalized guidance based on individual financial goals and risk tolerance. While technical analysis can be a helpful tool, investors should be aware of the inherent risks associated with the stock market and make decisions based on a comprehensive understanding of their financial situation.
NSE:LTLong
by Shivam_Bhanot
LT - Seeing the opportunityAll levels are mentioned on the charts. The stock comes near its five-month-old support trendline. If bounces from here, maybe in an uptrend again. the upside targets maybe 2350 or even more ( you can see the previous broken support retest behavior ). The best entry price is as near as possible to 2150 If breaks down from 2150 for a couple of days, then the bullish view will diminish. Only for learning and sharing purposes, not a bit of trading advice in any form. All the best.
NSE:LTLong
by anandlive
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