Things to note :
1. 2200 level has been tested multiple times (3 times) on the monthly chart, which is really a worrying factor.
2. Head and Shoulder pattern formation after the recent breakout.
Targets - 2000/1800/1600
Expecting to reach 1800 before the results.
L&T Stock on Daily TF has broken head & Shoulder Pattern on Friday with high volume. Stock moving upside with trend line support. Stock is strong momentum on long and short term.so stock can going upside and retest the previous high.
Entry : CMP
Sl : 2175
Upside Move : 2280
Short Term Investment Opportunity
Best Golden Level 2158 to 2165.
Otherwise take quantity 50% 50% from given level.
Invest at your own risk.
Target Minimum 3% - 5%
LT Chart is is on strong weekly support.
Entry: above 2215
Stop loss: 2300
Target : your R&R ratio
⚠️ Important: Always maintain your Risk & Reward Ratio.
⚠️ Purely technical based pick.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. please consider it as a...
NSE: LT is closing with a bullish candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been consolidating for the past few days which is indicating demand.
One can look for a 8% to 11% gain on deployed capital in this swing trade.
The...
The chart pattern and volume profile clearly show that it can give excellent risk-reward when it breaks down from the @2080 support zone. Price Action shows a downtrend and the volume profile adds more confirmation, So the possibility is more to go down till the @2060 area.
Entry Level:- Below @2080
StopLoss:- Above @2090
Target :- 1:1 or 1:2
Larsen & Toubro is in the verge of breaking out of triangle pattern with good volumes on hourly charts.
Could be bought here or on dips or above breakout level(2010) with mentioned stoploss & targets.
Larsen adn turbo is forming a flag and pole pattern. If it breaks out of the flag patter it can achieve next target shown in the picture. Be watchful of the support arund 1980 and Look to be in a good shape.
