LT Targets ₹3992! Hourly Swing Trade in Action!Larsen & Toubro (LT), on the 1-hour timeframe, has showcased a precise long trade setup using the Risological Swing Trading Indicator . With TP1 and TP2 already achieved, the trade now targets higher levels as momentum sustains.
Key Levels:
TP1: 3658.85 ✅
TP2: 3786.40 ✅
TP3: 3913.95 (Pending)
TP4: 3992.75 (Pending)
Technical Analysis:
The price crossed the Risological Trend Line , giving a clear bullish entry signal at 3580.00, backed by strong market sentiment.
The stop-loss was secured at 3516.25 to ensure a well-defined risk-reward ratio.
The steady rise above the trend line and the achievement of initial targets highlight the reliability of the system.
The trade remains bullish, with the price continuing to climb steadily toward TP3 and TP4, suggesting further upside potential.
Larsentoubro_long
L&T has 20% upside from CMP. New impulse wave in action.The weekly wave count for LARSEN&TOUBRO LTD. suggests that it recently completed a wave IV correction from the Jan 2024 highs, and now is all set to move higher in wave v.
The expected wave would be the wave V of 3. The target zone for this wave is projected at around INR 4100-4150 levels which is around 20% up from CMP.
INR 3400 is a support zone for the stock now.
INR 3330 can be used as a "SL".
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.
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
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
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 & 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.