LT - Support Breakout (Intraday Sell)Today at 30 mins Chart, observed a breakout of previous support that will take prices further down.
Good time to short this one at the given Risk:Reward
LT trade ideas
An Analysis : Larsen & Toubro LTLT always one of the most preferred companies for long term investment.But as the investment scenario in India is weak and LT also didnt look much attractive in current scenario to initiate long term position.
But with last weeks close happening in support region,dont expect any immediate bounce backs because Nifty Index also struggling to break above 7500 over couple of weeks.There can be many outcomes from current levels,
1) Consolidation for next 3 month (till March)
2) Breakout above support if it post strong results beating expectations
3) A trend continuation down, if results are bad or not as expected
My Personal view is stay out and watch what happens in coming weeks until we get clear signal.
If you have any opinions / suggestions post it below
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Plan well Before Investing....
LT (Larsen Toubro) : Bullish Trend Continuation (1h)This is simple one..no advanced stuff added here :)
LT is on bullish run for sometime now which we can clearly see from the chart
Note that, there is Pricezone marked in yellow lines which indicates a ranging zone and right after that Bullish trend continued. It can be mentioned as "Breakout" from range zone.
Aggressive Traders enter right @ Breakout, Conservative Traders wait for Pullback which has just happened.
Some traders believe aggressive traders tend to make more money than conservative ones, but they fail to realize that they face more no.of losing trades compared to Conservative Traders. That doesnt mean all conservative Traders can be successful :)
Happy Weekend !!
Double Top Larsen & Toubro (L&T) - Go Short !Enter only after valid Bearish candle or close below 1263.
Don't enter short before that bcos it can continue the Bull Run
Check your Stops,Entry,Targets as per Ur Trade plan
Good Luck !
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Happy Trading !
Larsen & Toubro short term analysis
As we are out of down trend channel and forming swing highs and swing lows stock looks in good up trend, but I am not convinced with the move, reason being DMI and CMF both are not supporting the up move.
I expect stock to correct from supply zone just above CMP.
If we get out of up trend channel then that will be the conformation of correction.
Levels for possible trades are on chart.
LT - strong breakout expectedI'm looking for a strong break out on either side of consolidation in order to define the trend.
As per RSI, it looks bullish and expected a strong bullish breakout candlestick.
Prior to budget, I'm watching out on this one in order to follow the breakout and continue to ride on the trend.
LT - "BUY" Lets Move UP the BricksAfter a completion of AB=CD pattern, it is a good time to buy this one at double bottom confirmation.
Target 1: 1260
Stop Loss: 1065
LT bottoming out - soon to brick up It seems that the price has come down sharp and a lot. I assume that bottom is very close, at around 1270 levels.
It is because:
1. Harmonic for break out (marked in grey arrow)
2. Fibs retracement of 1.618 of A-B move
3. Long-term impulse leg fibs of 61.8
Therefore, 1270-75 is a strong level to buy back this one.
LT(NSE) Long after correction.LT has be going trough the correction after making a top around 1890. The ABC correction has been completed and I would expect the stock to move higher and make new highs now. However, as a conservative target of 1750 and stop loss just below the last low would give a risk reward ratio for 1:2.5.
Happy Trading!!
