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Larsentoubro_long

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.
NSE:LT
by manishmgupta
NSE:LT Larsen & Toubro Trying to enter blue sky zone?Larsen & Toubro Limited, commonly known as L&T, is an Indian technology, engineering, construction, manufacturing and financial services conglomerate headquartered in Mumbai, Maharashtra, India. It was founded by two Danish engineers taking refuge in India. L&T (as per CRISIL consolidation) has superior liquidity driven by significant cash balances of more than 15,000 crore in fiscal 2020. L&T also has access to fund based limits of Rs 10,000 crore which has moderate utilization levels (including commercial paper). CRISIL believes the company has sufficient accruals and cash and cash equivalents to meet its repayment obligations and finance its capex requirements and investment requirements in various subsidiaries and JVs. Its unutilized bank lines are more than adequate to meet its incremental working capital needs over the next one year. NSE:LT > Dominant market position in domestic E&C segment with diversified revenue profile. > Strong financial flexibility and comfortable capital structure Negative points: >Subdued returns from significant capital employed notwithstanding moderate levels of debt service indicators > High working capital intensity of operations
NSE:LTLong
by Peaceful-Weekend-Investing
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.
NSE:LTLong
by NeeravYadav