L&T is forming a reverse head and shoulder pattern.
Target 1860-1880 in near term.
Can further rally upwards forming new All time highs but will be post next quarter results, stay invested and do not short.
This is my personal analysis and not a recomendation.
please do your own detailed analysis before investing.
Reverse Head and shoulder formation can be seen as per charts.
A break out can be seen on 8th ocotber from its 1st resistance of 116 level.
If it sustains we can witness a potential upside of 49% in long run.
Second resistance expected at 127-128 level.
Disclaimer: This is not a buying Advice. It is my personal analysis. Please do own research before investing....
Can see a cup and handle formation in Coal India,
Facing resistance @160-161 level, As per RSI it is presently in overbought condition, if it manages to break past first resistance..exect second resistance at 180 level. Long term target is 190-200.
This is my personal analysis and not a recommendation.
Kindly do your own analysis and then only invest.
Regards.
