LT - "BUY" Lets Move UP the BricksAfter a completion of AB=CD pattern, it is a good time to buy this one at double bottom confirmation.
Target 1: 1260
Stop Loss: 1065
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LTO trade ideas
LT bottoming out - soon to brick up It seems that the price has come down sharp and a lot. I assume that bottom is very close, at around 1270 levels.
It is because:
1. Harmonic for break out (marked in grey arrow)
2. Fibs retracement of 1.618 of A-B move
3. Long-term impulse leg fibs of 61.8
Therefore, 1270-75 is a strong level to buy back this one.
LT(NSE) Long after correction.LT has be going trough the correction after making a top around 1890. The ABC correction has been completed and I would expect the stock to move higher and make new highs now. However, as a conservative target of 1750 and stop loss just below the last low would give a risk reward ratio for 1:2.5.
Happy Trading!!
