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Larsen & Toubro - Positional Idea | Inverse head & Shoulders
LARSEN & TOUBRO LTD.
Long
Larsen & Toubro - Positional Idea | Inverse head & Shoulders
By johntradingwick
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Jun 6, 2021
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Jun 6, 2021
Key Highlights:
1. Bullish market structure - HH, HL
2. Volume expansion
3. Forming Inverse Head & Shoulders
4. Approaching major resistance zone 1537-1603
5. Close above 1600 will trigger a rally to 1800+
7.
Target:
1846, 2163, 2517. Stop Loss: 2185
8.
Time frame:
12-15 months
You are always advised to use an appropriate Risk-Reward ratio as per your strategy.
P.S:
This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
Chart Patterns
Technical Indicators
larsen
larsenandtubro
larsentoubro
Trend Analysis
johntradingwick
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Rajat Kumar Singh,
B.Tech (Delhi Technological University)
Global Community Manager, TradingView
✅ Telegram:
t.me/johntradingwick
✅ Blog:
tradingwick.in/
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