Get started

Larsentoubro

Larsen & Toubro , A Long Term Investment (Keep It Simple) FYI : Red Line refers to Monthly Trendline(TL) , Blue Line refers to Weekly Trendline(TL), Black Line refers to Daily Trendline (TL) Larsen & Toubro ( NSE:LT ) is an Indian construction and manufacturing mammoth with MCap of Rs . 2.7L Crores ,so it's safe to say that LT is a blue chip stock with low downside and prospect of consistent return. Stock has given a CAGR of 18% over the last 5 years. Now coming to Technical Analysis of it's chart : 1. Stock gave a breakout and closed above redline for the first time in last weeks & has re -tested and bounced back from it which confirms this breakout is genuine. 2. Stock is also respecting the blue line since post covid bull run. 3. Stock is trading @ All Time High ,hence using Fibonacci retracement tool to aim for targets which is 2800 in this case. 4. Swing traders can keep a trailing SL to minimize losses & maximize profits; for me it's whenever it breaks the blueline and gives a closing below it. 5. For people looking to buy & forget, can keep a SL if it breaks and closes below the red line. Have a Peaceful Trading!
NSE:LTLong
by mister_singh_0110
L&T Short Term Breakout TradeThe stock has broken out and took support at the previously upper trendline. Trade is supported by brokerage calls, 200 EMA, and Supports Nearby. The stock has previously broken out with good volumes and retested the upper trendline, the point of entry. Risk Reward Ratio - 1:1. SL is placed below multiple major support zones, 200 EMA, and previously upper & lower Trendlines. Target is placed near the all-time high based on fundamentals.
NSE:LTLong
by tradewidmufeeth
1