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Larsen&toubro

Larsen Toubro LT : Swing Entry SetupHey Guys, Having cheerful Sunday ? Lets do some analysis on LT ? Don't get confused why chart is loaded with Fib levels, for better understanding and explanation purposes I have marked numbers for Fibs. Those who followed Me for sometime will be clear the principal I use - " Gaps will be always Filled " I kept this LT in My radar from the day it gave huge gap up bcos it needs to be filled for sure. But was waiting for right time to post this. In coming 2-3 weeks it will be filled I believe. Fib 1 : This is drawn on Larger swing and we are concentrating for Fib levels in Gap area and we got 61.8% (Golden ratio) and 50.0% passing through this area. Fib 2: Drawn on current larger swing and 38.2% passing through our expected area (gap zone) Fib 3 : By now you will be knowing which Fib level in our Gap area. So I am not gonna mention. Bcos I believe in mutual learning and teaching a Man to catch his own fish, not to feed fish always. So with these Fib Confluences I will be buyer if LT comes to this zone. I hope you have learnt to catch certain type of fish today or atleast where to fish :) Have a happy Sunday, Enjoy
NSE:LTLong
by InsiderB
3
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 Give a thumps up for analysis which keeps me going & Share More :) Plan well Before Investing....
NSE:LT
by InsiderB
1
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 !!
NSE:LTLong
by InsiderB
1