LT - GO LONG @ CMP WITH A SL OF 787 AND A TARGET OF 817
LnT broke below 840 and now that will the resistance for upswing. Current trend suggesting that the stock will test 780 and if trend continues downward then 760. For upside if crosses above 840 then we can suggest fresh target
LnT is showing higher low and higher top pattern in daily candle. Any break from 940 may see LnT touching 1000 and any breakdown can bring it to 860-840. Play range and stay safe
LT - GO SHORT @ CMP WITH A SL OF 988 AND A TARGET OF 763. TARGET SHOULD BE ACHIEVED BY 21 APRIL 2020.
NSE:LT Near to triangle pattern base, Will Short if it breaks the base. Entry Level Price -Rs 1270-1260 Target Price - 1200 Stop loss - Rs 1290-1300
Here is my Today pick for Intraday. Consider watching the chart for the Reason behind it.
ONE MORE FLAG AND POLE PATTERN
refer chart for details try to accumulate the stock when it comes to the previous demand zone which is also a channel bottom.... it is the place where the institution buy their share(demand zone )
due to reliance fomo it came down for support and if monday market makes movement and send this stock above 1340 than it will be a good recovery of this stock Head and Shoulder : it can go higher from this point if close above 1340 weekly trend line is there to push the upward button
Bullish Gartley LT** PRZ 1366-1368 SL 1344 Target 1390/1408
LT HAD MADE AN ENDING DIAGONAL IN THE C WAVE ON THE DOWNSIDE. THIS WAS DEMONSTRATED BY THE FACT THAT THE ENTIRE C WAVE WAS RETRACED IN LESS THAN 1/4TH OF THE TIME TAKEN FOR IT TO FORM. THIS MEANS THAT THE CURRENT UPMOVE IS AN IMPULSE. WAVE 1 AND WAVE 3 OF THIS IMPULSE HAVE ALREADY BEEN COMPLETED AND WAVE 3 IS SLIGHTLY LONGER THAN WAVE 1. THIS MEANS THAT THE 5TH...
In this article I'm doing Elliott Wave Analysis of LT . As per the posted chart LT seems to have started the Wave 3 and currently seems to be have completed the lower degree Waves 1 and 2 , simply speaking we should be seeing a 3rd of the 3rd real soon if this analysis is correct. Currently 2 trading strategies can be employed : 1. Traders can buy on dips in...