0.5:2 = risk:rewardIts third time LT is taking support @ 3480 & bouneing back, if it sustains & close above 3525 then it ll target 3700.
Very good Risk:Reward Ratio.
Could b bought @ cmp Wih Stoploss of 3475 & target of 3700
LARSEN & TOUBRO FUTURES
No trades
Market insights
Classic ConsolidationLT Fut first break out of rounding pattern then consolidated & took support at multiple resistance turned support zone & made flag pattern on an hourly charts with decent OI addition.
Could b bought with mentioned stoploss & target
r o c k e tLT fut broke out of descending triangle pattern on an hourly charts with decent oi.
Risk:-Rewar = 1:2
Could be bought with mentioned stoploss & targets.
LT1!29-11
Daily chart of LT1!
LTP: 2069.05
The trends (manual and 200 EMA) are bullish.
The candles are very close to the resistance and the chart structure signals strength.
RSI signals profit booking but there is no confirmed signals of any short selling.
2074.55 is a strong resistance (manual) and we can expect a strong up-move once it is broken.
I think LT1! can be bought for a strong breakout.
#Larsen #LT an inverted head and shoulder on 30 m #sharemarketThis is on a 30 min , it will surely take some time to move up but keep an eye .
Simple price action, no Jazz
Keep an eye on LT (Prev. 9th & 12th)TGT 974/992
Buying zone 940-950
Trade Idea :NOV 980CE near 18-20
Disclaimer: Ideas for learning Only.
Repeat Buy LT Future Buy LT near 916.5-920 Tgt 941.5 Sl 907.5
Disclaimer : This is for educational purpose.Before investing & trading take decisions from ur financial advisor.
