L&T buy above 1178L&T breaking cup and handle pattern and also breaking previous resistance. Buy only above 1178 breakout.SL-1165 Target-1189 NSE:LT
LTOUF trade ideas
Go for trade if open flat or almost flat and cross level Go for trade if open flat or almost flat and cross level
L&T Swing setupL&T has formed a bullish price action pattern called as flag and pole pattern. Generally after a sharp move market relaxes a bit and gathers some energy for going further in the same direction.
Larsen & TerboPrice will Rise 1100 to 1300 in next 3-4 months.
Company has very good Financial Results & profit. With 45% of market share & 1.3 Trillion Rs. Projecs. Very hopeful....
Larsen & Turbo - L & T - LongL&T CMP - 947.75
Looking bullish in longer time frame. One can go for Intraday / Swing trade setup with the following entry, exit & targets
Buy at or above 953.50 / Stop Loss 944
Target 1 - 959
Target 2 - 964
Target 3 – 970 / 975
Disclaimer: This is my view and for educational purpose only.
LT - Elliott wave analysis - Sell on bounce LT - LT is in WXY correction, where Y wave is in progress. It dropped in wave A and possibly start correcting in B wave now. Sell near 955-70 zone with stop loss above 995.10 for target of C wave around 910-890.
Give thumbs up if you really like the trade idea.
LT - Sign of RevivalNSE:LT has made a new HH, if breaks and sustain above 940 then more upside.
As per Option Chain 940 is a key resistance level. Short Covering (call option) has also seen at 920 level.
LT 1:10 RR Long opportunity - 30% profitHas a lot of room for correction
Bounced from support zone.
Expected to touch resistance zone.
L&T - Ascending Triangle pattern in making (Short term swing)This analysis is purely based on price action and chart pattern.
This is for short term swing/positional trading. Trade may take few days to a couple of weeks to reach its final target.
Trade strategies are shared in image itself
SL to be trailed according once entered in trade.
*Take trade on your own risk & money management*
Feel free to comment for any query or suggestion.
LT (Nifty50) - Elliott wave analysis LT - It is within ABC zigzag move and under-performing the Nifty. the 5th wave of C is expecting go for one more high. Overall it is in bearish corrective cycle. so sell on bounce will be good set up, but need more price confirmation before taking the trade.
Give thumbs up if you really like the trade idea.
