L&T - Breakout Re-test of Supply ZoneNSE:LT has re-tested it's recent breakout from supply zone & gave close above it.
Look for long trades till the time its above that supply zone.
Larsentoubro
L&T - GO LONG FOR A RR OF 1:4L&T - GO LONG @ 788 WITH A SL OF 751 AND A TARGET OF 918. TARGET SHOULD BE ACHIEVED BY 2ND JUNE 2020
Larsen & Turbo Testing Lower Value, What next ?Larsen & Turbo As you can see it can't break there resistance level at 830 and seen its fake break, now trading below their resistance level, You can short below Previous Candle Closing, Easy target 800: 785: 770, Sl Is closing high of the previous Candle at 850.
Thanks
LnT Moving toward 780LnT broke below 840 and now that will the resistance for upswing. Current trend suggesting that the stock will test 780 and if trend continues downward then 760. For upside if crosses above 840 then we can suggest fresh target
LnT long term trend postive and Short term negativeLnT is showing higher low and higher top pattern in daily candle. Any break from 940 may see LnT touching 1000 and any breakdown can bring it to 860-840. Play range and stay safe
LT - GO SHORT FOR A GREAT RRLT - GO SHORT @ CMP WITH A SL OF 988 AND A TARGET OF 763. TARGET SHOULD BE ACHIEVED BY 21 APRIL 2020.
Is LT in danger zone ? Weekly chart Analysis ! NSE:LT
Near to triangle pattern base, Will Short if it breaks the base.
Entry Level Price -Rs 1270-1260
Target Price - 1200
Stop loss - Rs 1290-1300
LT Intraday Idea for 18th October 2019Here is my Today pick for Intraday. Consider watching the chart for the Reason behind it.
good for investmentrefer chart for details
try to accumulate the stock when it comes to the previous demand zone which is also a channel bottom.... it is the place where the institution buy their share(demand zone )
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
LT - SHORT TERM AND LONG TERM PLANLT HAD MADE AN ENDING DIAGONAL IN THE C WAVE ON THE DOWNSIDE. THIS WAS DEMONSTRATED BY THE FACT THAT THE ENTIRE C WAVE WAS RETRACED IN LESS THAN 1/4TH OF THE TIME TAKEN FOR IT TO FORM. THIS MEANS THAT THE CURRENT UPMOVE IS AN IMPULSE. WAVE 1 AND WAVE 3 OF THIS IMPULSE HAVE ALREADY BEEN COMPLETED AND WAVE 3 IS SLIGHTLY LONGER THAN WAVE 1. THIS MEANS THAT THE 5TH WAVE WILL BE THE EXTENDED WAVE, WHICH FURTHER SIGNIFIES THAT WAVE 4 WILL BE MORE COMPLEX AND TIME TAKING. HOWEVER, ONCE WAVE 4 IS COMPLETE, THE UPWARD MOVEMENT WOULD AT LEAST BE 170 POINTS FROM THERE. RIGHT NOW, THIS CAN BE TRADED FOR C WAVE.
THE ENTIRE UPMOVE FROM 1322 TO 1411, THE ABC WAVE COMPRISES OF A LEADING DIAGONAL IN WAVE A AND AN ENDING DIAGONAL IN WAVE C. THE IMMEDIATE TARGET OF LT IS 1358 WITH A STOPLOSS OF 1428. THIS TARGET SHOULD BE ACHIEVED BEFORE EOD OF 19 NOVEMBER
Larsen & Toubro (LT) a buy on dips (Elliott Wave Analysis)In this article I'm doing Elliott Wave Analysis of LT .
As per the posted chart LT seems to have started the Wave 3 and currently seems to be have completed the lower degree Waves 1 and 2 , simply speaking we should be seeing a 3rd of the 3rd real soon if this analysis is correct.
Currently 2 trading strategies can be employed :
1. Traders can buy on dips in the Red Zone around 1450 to 1430 keeping strict SL below 1380.
2. A less aggressive approach would be to buy on clear break of the important Resistance of 1520.
Once the market sits above that level it would be a clear validation of the counts.
Point of Invalidation lies below 1300
I will update further if need arises.
