LT--Consolidation + Breakdown ??Observations::
-------->> the stock is consolidation for more than a week, and today showing large sell off,
and now price is @ demand zones, keep track this levels 2250 or 2200.
-------->> We have strong buy ness is observed in these levels, look for buying at these levels.
Larsenandtubro
L&T Levels & Strategy for 01/Nov/2022Dear traders, I have identified chart levels based on my analysis, major support & resistance levels. Please note that I am not a SEBI registered member. Information shared by me here for educational purpose only. Please don’t trust me or anyone for trading/investment purpose as it may lead to financial losses. Focus on learning, how to fish, trust on your own trading skills and please do consult your financial advisor before trading.
Today L&T has posted strong results. L&T's consolidated revenue stood at rupee 42763 Crores, YOY up by 23% & beat the market expectations. PAT rises to rupee 2229 Crores. However, QOQ order inflow was low compare to 1st quarter. L&T is all set to grow in Indian market however global issues are hurting overseas growth prospects.
Shall we buy on decent dips in coming days due to FOMC meeting/US FED & RBI rate hike based on growth prospects in coming quarters ????? Please do share your views. Let's work & win together. Many thanks & good luck for your trades in L&T stock and F&O.
LT - SHARK PATTERNThere is a formation of the Shark pattern on the daily chart of the Larsen & turbo.
The first Potential Reversal Zone of the pattern is at 1625-1636.
The second PRZ stands at 1550-1560
Keep an eye on price action around these levels for catching a reversal or pullback trade.
Weekly support of the stock also coincides with this pattern, making it an important formation.
Larsen & toubroLooks Bullish
All the key levels are mentioned in chart with Stop-loss and Targets
Macd in daily is positive and Uptick and also above zero line
Macd in hourly is positive and Uptick and also above zero line
Bollinger
Adx and Dmi are positive
RSI in daily above 60 with Uptick
RSI in hourly above 60
Key Levels
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Consult with your Financial advisor before trading or investing
L&T - Ascending Triangle pattern in making (Short term swing)This analysis is purely based on price action and chart pattern.
This is for short term swing/positional trading. Trade may take few days to a couple of weeks to reach its final target.
Trade strategies are shared in image itself
SL to be trailed according once entered in trade.
*Take trade on your own risk & money management*
Feel free to comment for any query or suggestion.
Larsen & Turbo from 2 June 2020My view will be on buy side above the support level 945 .. if not broken then i will not trade since it will be in no trade zone ... view on 15 - 45 min and 1 hourly is negative .. I think there will be massive resistance to downside at-least till 915 ... after that look for sell
larsen & toubro 4 hr Chart due to reliance fomo it came down for support and if monday market makes movement and send this stock above 1340 than it will be a good recovery of this stock
Head and Shoulder :
it can go higher from this point if close above 1340 weekly trend line is there to push the upward button