After long time LT is near about demand zone as per my analysis but its trend is bearish so I am interested to sell this stock first. When price is situated between current demand zone than plan for buy. Found three trading points you can calculate your own risk and reward and go for this analysis.
The stock has made a perfect Head and Shoulders chart pattern, if it breaks its neck;ine and support zones then a downfall and good correction can be seen
Nifty future and banknifty future analysis and intraday plan in kannada.
This video is for information/education purpose only. you are 100% responsible for any actions you take by reading/viewing this post.
please consult your financial advisor before taking any action.
----Vinaykumar hiremath, CMT
LT can go up in wave 5, has correction wave ABC looks completed, but there can also be a further possibility complex correction WXY, but still stock looks good to buy in cash for short term, proper risk management is also imp. Which plays any crucial role while trading/investing.
LT was already bad with a head and shoulder (I told in one of my ideas. I will link it to this)but now there is also a rising wedge. I plotted everything on chart
L&T made a Head and shoulder pattern (Plotted on chart) Target is length of head stop is right shoulder as usual but sadly we can't hold a short position so i guess i will just watch :(
One of the successful trading opportunities found in the Larson & Toubro 15 Min chart recently.
while the market was in a good upper direction suddenly the price started to fall, at the same time the indicator showed a red sell signal to go for a short position.
Do not take any position based on the signal from any indicator, only if you've done some research...
Breakout Observed - Target given in Chart
SL as per your apetite - Longterm play
FUNDAMENTALS
Market Cap
₹ 5,23,191 Cr.
Current Price
₹ 3,806
High / Low
₹ 3,806 / 2,151
Stock P/E
41.3
Book Value
₹ 570
Dividend Yield
0.65 %
ROCE
11.6 %
ROE
11.7 %
Face Value
₹ 2.00
Price to book value
6.62
Intrinsic Value
₹ 1,203
PEG Ratio
13.7
Price to...
Cup & Handle Breakout .
Good for Short term.
Target 3900,4100.
Do Like ,Comment , Follow for regular Updates...
Disclaimer : This is not a Buy or Sell recommendation. I am not SEBI Registered. Please consult your financial advisor before making any investments . This is for Educational purpose only.
Hello traders,
Let's explore an exciting opportunity today! 🌟 This stock has recently formed a double bottom pattern and surged upwards, consistently breaking previous highs. 🔄 Currently testing its recent peak, there's potential for a pullback before further upside.
Options traders, consider buying 3500 call options in march expiry for optimal leverage....
LT appears to have formed a cup and handle pattern with bullish breakout. However there were some selling during end of the day. Though volume was above average, selling at the end of the day is a worry. Risk reward is around 1:1.7.
Disclaimer: I am not a SEBI registered consultant. This is not a buying or selling recommendation. Please consult your financial...
On the Daily chart L&T is looking to set up a bullish Cup & Handle breakout, similar to the one during Oct – Nov 2023. The Nov ’23 breakout gave 19% return in the following 60 days. The current setup, if breaks out, can also offer a decent return though in the market there are no guarantees. Price structure on the Monthly & Weekly charts is quite bullish.
Only...
6/11 - Jefferies next 5 year companies
Jefferies target by March 2029 - 7,564
The chart on daily shows breakout of a small Cup and Handle pattern, which should help the company towards it's consistent upward journey. A must buy in the portfolio which in itself is a natural portfolio hedge!
