Larsen & Toubro breaking out from 2+ year trendlineNSE:LT is breaking out of a trend line. It has been in good momentum and if it continues then we can see more upside in the stock. Keep an eye!
LT trade ideas
Long on LTNSE:LT
LT has given a monthly breakout above 1750 .
Volume confirmation is not available as volume is low than average.
Wait for near term consolidation or enter based on risk appetites
As its a monthly breakout hence time frame will be minimum 6 months..
Channel breakout
Reverse head and shoulder formation visible.L&T is forming a reverse head and shoulder pattern.
Target 1860-1880 in near term.
Can further rally upwards forming new All time highs but will be post next quarter results, stay invested and do not short.
This is my personal analysis and not a recomendation.
please do your own detailed analysis before investing.
L&TThe stocks gives a multiyear breakout after 13 years and .It's a buy trend and this script break with strong Volume support an this waiting for a retest and price is goes up.
MULTI YEAR BREAKOUT LARSEN & TOUBRO GIVES ITS MULTIYEAR BREAKOUT.as we can see that there is trend line which is breaking with high potential and going upward very strongly with heavy green engulfing candles. NSE:LT
NOTE-This is not a financial advice.
Short with Risk of 1% and RR of 1:1.74Short with Risk of 1% and RR of 1:1.74
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NOTE: You should not engage in trading unless you fully understand the nature of the transactions you are entering into and the extent of your exposure to loss. If you do not fully understand these risks you must seek independent advice from your financial advisor. All trading strategies are used at your own risk."
long in larsen and turbo/l&tin daily time frame larsen and turbo gives a support toa trend lline... it it makes big green candle
LT LT look like in Extended 3.5, we may see the retrace upto 1500 level from there will start upward move...!!!
L&T braking the downtrendAs per RSI and price diversion ok chart of L&T it will give a good upside move. Target and stoploss is given in chart. After breakout of price stay above trendline then enter. Afterall world market scenario is downside so breakout can be delay but keep eyes on L&T.
L&T stock15 mins time frame :
stock is ready to fly back
1) trading at major support
2) fib correction
3) clear targets
Short LARSEN &TOUBROShort LARSEN & TOUBRO
a monthly chart show it will in the trend line and it will respect the trend line so there was a shorting opportunity
Gem of the week. LT (26/9/21)Today I want to present a GEM in our stock of the week series meant for investors intrested in wealth creation . LT came on my daily chart on 24 May @ 1142. Since then I have recommended this stock multiple times. This week stock has given a unique breakout on weeklychart. If you see, since 2007 stock is trading in a range (red lines) . It has tried to break this level multiple times in a past and took heavy resistance. This week, however, it has able to breach this level successfully. My own target for this stock is 3200 in 2 years . This is a very good entry points for new comers too! 14 years breakout means a lot. This is extremely well techno-funda stock with very low PE. Expert in construction and defense. Each investor should have this stock in his portfolio.
View - Medium to long term.
Time - 2 years
Target - 3200.
Breakout startegy LT gave a breakout in day time frame and we can go long if the same levels sustains
LARSEN & TOUBRO - LT - NSEBiggest infrastructure company in the country.
Decent dividend yield.
Plenty of status quo projects because of covid to be expedited before 2024 elections.
Huge cash in books to be utilized for future growth, organic and inorganic.
No debt, honest management
A classic pattern for a quick margin trade with upside for 2200 next 3 quarters.
LONG : L&TGood Breakout of Channel on Daily TF, with good Volume.... LT is now ready for next Flight....
LT Larsen & Toubro - On the moveLT - Larsen & Toubro - On the move after weekly Breakout above 1586. Inverse Head & Shoulder pattern BO seen.
May proceed towards next target of 1870 and pattern target of 2500 in medium term.
L & T Ascending Triangle pattern Ascending triangle pattern - breakout..
An ascending triangle is a chart pattern used in technical analysis. It is created by price moves that allow for a horizontal line to be drawn along the swing highs, and a rising trendline to be drawn along the swing lows. The two lines form a triangle. Traders often watch for breakouts from triangle patterns.
10 - 15 % for short term trade..
Disclaimer: Not a call/buy signal. discussing only chart patterns that I practice.....
LT - Elliott wave analysis - ending diagonal as 5th upexpecting ending diagonal in 5th wave as overlapping wedge structure
