L&T Finance Holdings is forming triangle pattern
L_TFH midcap stock is forming triangle pattern for a year facing 4 rejections in resistance line.Financials doesn't seems to be attractive, hence long term holding is not the view. However strong pattern break can be a good entry for 15% - 30% returns.
Key note : Always follow proper risk management to avoid losing capital from false breakouts as this is common.
Caution : This is a knowledge sharing analysis, not a call.
Profits are not made from following ideas, but by following Risk Management.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.