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.
Larsentubro
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.