Larsen & Toubro Limited Shs Sponsored Global Depositary Receipt Repr 1 Sh Reg-S
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L&T | AnalysisAs we know Budget 2021 of INDIA has been there and its main focus is on the infrastructure. So, It may be good to have a Good Stock based on this in our watchlist.
So, Let's come to the Point, Should you buy this Stock ?
Let's See the Analysis first and then we'll conclude the Buy/Sell Call -->
In the Chart we can see that the Rectangular Range is there which is tested well and Price is fluctuating in it for a long time.
Also, In the hourly chart we have the Descending Triangle which serves as the reversal pattern because Bears are pushing the price at the same level while Bulls are not able to.
As a result, Descending Triangle forms with trendline at the top with decreasing buyers momentum and Baseline at the bottom indicating the constant seller's momentum.
But RSI indicates that there is a support and It can jump from there, So, We should wait for the breakout.
So, at the end we have two different scenarios that are either the stock will follow Path 1 or Path 2. So, wait for the breakout and follow the Path accordingly.
L&T Should Wait unless you are long termShould buy at dip unless you are long term, definitely gem, fundamentally very strong company.
LT - Pennant BreakoutLT given pennant breakout on hourly and 2 hr timeframe. Bearish divergence in rsi so it might retest bottom of pennant before upmove. Targets on chart...
LT - Elliott wave analysis - Correction down It looks like completed the major impulse up cycle and now correction is in progress. Go short if break the top range consolidation downside.
LT - Bull Flag - Breakout awaited - SwingThis analysis is done purely on basis of price action and chart patterns
Analysis is done on Daily TF hence it may take few days to few weeks for price to reach the given target
Stock is at good consolidation phase and it can be accumulated with small SL (1085-1090 range).
Stock is fundamentally strong. The sector is having good push by govt policies and LT being the leader, very high chances that it will rise near life time high.
This is not a trade recommendation. Do your own study before entering into any trade.
Trade with your own risk & money management.
Feel Free to comment for any query or suggestion.
LT - Elliott wave analysis - Correction down It is about to reverse down after completing Ending diagonal structure of the cycle. The short sell set up will triggered only when it break the level below 1325. The target zone for trade will be around 1215-1150.
LT - Elliott wave analysis - Correction down It looks impulse cycle ended at the top price. Now expecting correction down.
LARSEN & TOUBRO WEEKLY CONFLUENCE OF Monthly Deep Crab Zone & WEEKLY Bat zone
from 0.886XA Candle spreads getting narrow so Bullish momentum getting weak
Bearish Reversal from HOP of BAT or from Monthly deep crab
With NO DEMAND & RSI MUST BE BELOW 70
SELL
LARSEN & TOUBRO MONTHLY Bearish DEEP CRAB
Bearish Reversal from M R( Monthly Resistance ) or from deep crab@1.618XA
SELL
Taking long Position in LT With theTarget of 1460After looking at 3yo Chart, V -Shaped recovery went well 1200 is acting as Base Support still considering volatility in Market keeping safe SL of 1250 and Target of 1460.
LT bagged Sufficeent Order to Support growth and rally towards 1460.
My strategy would be to book 50% profit at 1460. If it sustain and markets sentiments are positive hold and add more for target of 1580+
Comments and suggestions are welcomed. Cheer and Thums-up if you agree with data.
Vftr C Institutional Total International S 14 Jan 2021
Bulck Purchase
1,73,802 (BSE)
Quantity 1,353.5
LT
Larsen & Toubro. Total Revenue Qtr cr 31,593.7
(-12.1%)
Operating Expenses Qtr Cr 25,715.2
(-12.2%)
Operating Profit Qtr Cr 5,319.5
(-12%)
EBIDT Qtr Cr 10,292.2
(50%)
Depreciation Qtr Cr 713.1
(13.3%)
Net Profit Qtr Cr 5,520.2
(118.4%)
Active candle stick is Morningstar Bullish pattern
Morning Star is a three day bullish reversal pattern consisting of three candlesticks - a long-bodied black candle extending the current downtrend, a short middle candle that gapped down on the open, and a long-bodied white candle that gapped up on the open and closed above the midpoint of the body of the first day.
NSE:LT
Disclaimer: Not providing any calls or any recommendations to buy. Just using my skills to predict future price bases current market trends, news and Candlestick pattern. Please be patient and do your own analysis.
LT - Elliott wave analysis - correction time Lt is in 4th wave correction, where it is expected to go down as either triangle or flat like complex correction before resuming the 5th wave up.
LTI'm not an expert I'm just sharing my views on LT for next trading day
I'm not responsible for any profit or loss this is not a recommendation
