NeeteshJain
Short

LT - Big Big Big Cracking, Rectangle Consolidation Breakout

NSE:LT   LARSEN & TOUBRO
88 5 7
The price action is been ranging from 1516-1460, about range of 60 points for a while and now I could see a cracking or breaking of it that indicates weakness and bearishness. I would suggest to short for now with a stop loss at 1485. Target 1400
@Mayanksb10 @Chetan.gosar Yes, it is indicating weakness and you may short at current levels and shall target 1400 in few days.
I would also encourage you to join India Trading Portal where you may find such technical charts especially updated on NSE BSE stocks. Here is the link https://in.tradingview.com/
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chetan.gosar NeeteshJain
Thanks..
+1 Reply
mayanksb10 NeeteshJain
thanks buddy
+1 Reply
yes... on daily chart.. it had completed a head and shoulder pattern and broken the neckline...
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very good trade i think should short with some retracement at 1470-1480 level
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