LT
FOMO is coming. If you don't have ETHEREUM, you are missing outAs I previously mentioned in the previous analysis (check the related idea!), Ethereum is moving the market up.
The good thing is that there is a big chance, this is not over.
Last resistance sitting in the 160 area, but I'd bet we will break also that one soon.
After that, Ethereum could rally in a short period of time over 200$, and then sitting in the 200$ area for some time.
If you don't have some, this is the right time to buy.
If you don't like risk, buy after 160$ is broken, but it could be too late.
LT - Big Big Big Cracking, Rectangle Consolidation BreakoutThe price action is been ranging from 1516-1460, about range of 60 points for a while and now I could see a cracking or breaking of it that indicates weakness and bearishness. I would suggest to short for now with a stop loss at 1485. Target 1400
Larsen & Toubro (LT) : Bearish Shark & ResistanceActually I noted this pattern when I came across a ping in my private messages..else I might have skipped this.
Here we have a bearish shark pattern ( I usually don't prefer sharks, bcos they are as dangerous as their name :) ). Its completion zone for LT is exactly in resistance zone, based on valid reversal confirmation I will initiate short positions here. If it reverses we will have double top also in LT.
Hit Likes if you agree....
Thanks for your support...Happy Trading !
Larsen Toubro LT : Swing Entry SetupHey Guys,
Having cheerful Sunday ? Lets do some analysis on LT ?
Don't get confused why chart is loaded with Fib levels, for better understanding and explanation purposes I have marked numbers for Fibs.
Those who followed Me for sometime will be clear the principal I use - " Gaps will be always Filled "
I kept this LT in My radar from the day it gave huge gap up bcos it needs to be filled for sure. But was waiting for right time to post this. In coming 2-3 weeks it will be filled I believe.
Fib 1 : This is drawn on Larger swing and we are concentrating for Fib levels in Gap area and we got 61.8% (Golden ratio) and 50.0% passing through this area.
Fib 2: Drawn on current larger swing and 38.2% passing through our expected area (gap zone)
Fib 3 : By now you will be knowing which Fib level in our Gap area. So I am not gonna mention. Bcos I believe in mutual learning and teaching a Man to catch his own fish, not to feed fish always.
So with these Fib Confluences I will be buyer if LT comes to this zone. I hope you have learnt to catch certain type of fish today or atleast where to fish :)
Have a happy Sunday, Enjoy
An Analysis : Larsen & Toubro LTLT always one of the most preferred companies for long term investment.But as the investment scenario in India is weak and LT also didnt look much attractive in current scenario to initiate long term position.
But with last weeks close happening in support region,dont expect any immediate bounce backs because Nifty Index also struggling to break above 7500 over couple of weeks.There can be many outcomes from current levels,
1) Consolidation for next 3 month (till March)
2) Breakout above support if it post strong results beating expectations
3) A trend continuation down, if results are bad or not as expected
My Personal view is stay out and watch what happens in coming weeks until we get clear signal.
If you have any opinions / suggestions post it below
Give a thumps up for analysis which keeps me going & Share More :)
Plan well Before Investing....
LT (Larsen Toubro) : Bullish Trend Continuation (1h)This is simple one..no advanced stuff added here :)
LT is on bullish run for sometime now which we can clearly see from the chart
Note that, there is Pricezone marked in yellow lines which indicates a ranging zone and right after that Bullish trend continued. It can be mentioned as "Breakout" from range zone.
Aggressive Traders enter right @ Breakout, Conservative Traders wait for Pullback which has just happened.
Some traders believe aggressive traders tend to make more money than conservative ones, but they fail to realize that they face more no.of losing trades compared to Conservative Traders. That doesnt mean all conservative Traders can be successful :)
Happy Weekend !!
Larsen & Toubro short term analysis
As we are out of down trend channel and forming swing highs and swing lows stock looks in good up trend, but I am not convinced with the move, reason being DMI and CMF both are not supporting the up move.
I expect stock to correct from supply zone just above CMP.
If we get out of up trend channel then that will be the conformation of correction.
Levels for possible trades are on chart.
LT - strong breakout expectedI'm looking for a strong break out on either side of consolidation in order to define the trend.
As per RSI, it looks bullish and expected a strong bullish breakout candlestick.
Prior to budget, I'm watching out on this one in order to follow the breakout and continue to ride on the trend.
Larsen & Toubro Ltd. Long term view.
It will be too brave to predict stock like LT and that also for next few years but according to my analysis of charts. Price will change long term trend from May/June 2016.
This is just analysis not investment suggestion or advice.
LT(NSE) Long after correction.LT has be going trough the correction after making a top around 1890. The ABC correction has been completed and I would expect the stock to move higher and make new highs now. However, as a conservative target of 1750 and stop loss just below the last low would give a risk reward ratio for 1:2.5.
Happy Trading!!