Larsen & Toubro Limited Shs Sponsored Global Depositary Receipt Repr 1 Sh Reg-S
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LTO trade ideas
Larsen & Turbo - L & T - LongL&T CMP - 947.75
Looking bullish in longer time frame. One can go for Intraday / Swing trade setup with the following entry, exit & targets
Buy at or above 953.50 / Stop Loss 944
Target 1 - 959
Target 2 - 964
Target 3 – 970 / 975
Disclaimer: This is my view and for educational purpose only.
LT - Elliott wave analysis - Sell on bounce LT - LT is in WXY correction, where Y wave is in progress. It dropped in wave A and possibly start correcting in B wave now. Sell near 955-70 zone with stop loss above 995.10 for target of C wave around 910-890.
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