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L&T Finance Holdings - Positional view | Potential 100% gain
L&T FINANCE LTD
Long
L&T Finance Holdings - Positional view | Potential 100% gain
By johntradingwick
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Jun 6, 2021
4
3
3
3
Jun 6, 2021
Key Highlights:
1. Bullish market structure - HH, HL
2. Volume expansion
3. Forming
descending broadening wedge
4. Approaching
major resistance zone 99-108
5. Close above 108 will trigger a rally to 150+
7.
Target:
123, 146, 174, 198. Stop Loss: 82
8.
Time frame:
9-12 months
I have made an illustration on the left-hand side, to explain the descending broadening wedge pattern.
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
larsenandturbo
larsentoubro
L_TFH
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/
✅ Amorella:
amorella.in/
Also on:
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