L& TBreakout done from consolidation zone.
Volume also showing increase.
Next 2 fibo levels look good for targets.
Possible entry would be current price or retracement till consolidation resistance zone which
can now be support zone.
LTO trade ideas
LT - Elliott wave analysis - correction will start below 1562 It moves as expected in earlier update. Now there is a chance of starting correction, but until it stays above 1562, it can extend higher and below that level, it can go up to 1350 or even lower.
LT (L&T), 1D Timeframe : Long on thisAs you can clearly see the breakout of multiple resistance in chart above. One can definitely go long on this until it is above the trendline.
My dark horse. This is a weekly chart of LT. The stock has given a cup and handle breakout on weekly chart. This breakout is also called as breakout above multiple tops . If you see, in the past this stock has taken resistance multiple times around 1560 to1600 levels. This week, however, it has managed to give a clear breakout after 2 years. 1600 used to be its all time high and it has broken it with huge volumes. This stock will be moving under blue sky, means there's no upper cap for this stock. My target is around 3200. It should take around 2 years, as mentioned earlier. It's a great fundamental company so investors should take this opportunity to buy this stock. SL should be 1550 weekly basis.
View - medium to long term.
Time - 1 - 2 years.
L&T Life High and C&H BO,NSE:LT
can buy small qty now @ 1665-1660 and
add more near 1600 on bounce
SL Closing below 1545
T 1710, 1770, 1810, 1880
Cup and Handle Pattern trading at ATH after beautiful cup and handle pattern. Formed 5 week strong base.
Buy LTBuy LT for long term. My Target is 3200 in next 2 years. Yes! And I mean it! This stock has given a clear breakout on a daily chart. 1560 - 1600 is the all time high for LT. It has taken resistance at those levels many times in the past. Now its forming cup and handle on weekly chart. The resistance becomes weak when stock falls down so this time it should give a clear breakout too. If you see Nifty has grown more than double, however, LT has not even broken its pre covid high. This stock hasnt performed yet so this is the best time to get into this stock. Once it breaks 1600 then it will be the traveling under clear blue sky. There will be no upper limit. This stock is good Fundamentally too. So close your eye and do SIP in this stock. Buy 40% now. If it falls down, buy 30% and 30%. However, if it closes above 1600 for 2 days then buy remaining 60%.
View - Medium to long term. 2 Years plus.
L&T Short Term Breakout TradeThe stock has broken out and took support at the previously upper trendline. Trade is supported by brokerage calls, 200 EMA, and Supports Nearby.
The stock has previously broken out with good volumes and retested the upper trendline, the point of entry.
Risk Reward Ratio - 1:1.
SL is placed below multiple major support zones, 200 EMA, and previously upper & lower Trendlines. Target is placed near the all-time high based on fundamentals.
L&t weekly chart Forming a inverted head and shoulder pattern . need aclose above 1645 , next tgt 1670/1740 2 yr tgt 2400
L&T positional long tradeL&T has given a breakout on the weekly TF with a very good volume. We can also see retest. Potential good move in next week.
L&T Inverted head and Shoulder Pattern L&T forming beautiful Inverted head and Shoulder Pattern .
Easy 15% gain over next 1-2 Months
LT - Elliott wave analysis - 5th of 5th wave up It is in 4th of 5th of 5th wave and form small corrective price action before it go for new high towards 1670 level.
LT breakout tradeRS is positive, RSI above 50 shows that stock has momentum. and its results are about to come in coming days so there will be good chance that stock will be 52week high. keep watching it.
Larsen and Toubro | Multiyear breakout | PositionalLT has broke out of its all time high in the last week. Now the previous resistance is being tested. If the stocks fails to break the support, we can expect a 1:3 trade with stop loss 1470.
Sharing this for educational purposes only
LARSEN & TOUBRO Daily Bearish Shark
Vertical dotted line is Ultra high volume up bar , Higher volume- Professionals are selling into the public buying
SET UP BECOMES VALID ONLY when RSI is below 70 and IF Price breaks ULTRA HIGH VOLUME Candle LOW with LOW VOLUMES & with NO DEMAND l.e place for short
