Buy LT positionally Have added it in cash if the nifty continues to show strength , LT looks a good buy
LTO trade ideas
LnT long term trend postive and Short term negativeLnT is showing higher low and higher top pattern in daily candle. Any break from 940 may see LnT touching 1000 and any breakdown can bring it to 860-840. Play range and stay safe
LT - GO SHORT FOR A GREAT RRLT - GO SHORT @ CMP WITH A SL OF 988 AND A TARGET OF 763. TARGET SHOULD BE ACHIEVED BY 21 APRIL 2020.
Bullishness may continue in L&T for sometimeL&T has been making Ascending Right Angled Triangles and the trend line on daily charts is also showing bullishness. If L&T decisively breaks (a closing price with heavy volume) over and above 922, I believe that we may see levels of ₹1000 before 4th May.
Cup and handle - LTForming cup and handle pattern, if price closes above 880 in 30 mins time frame it may move up to 1080 coming days.It will be invalidate if its not closing above 880.
Decision Zone - LTLT has shown heavy consolidation within the channel for about 5 times. Any breakout on the upside and the downside can possibly be a good setup for intraday play. On the downside, we can see a target till the trendline in black. It would need healthy volumes for the trendline to break. The reason being that, on previous occasions when the trendline had been tested, the price action was supported by good volumes and yet the line held. So, for a safe exit, I see trendline as the target. On the upside, there can be a possible gap fill created by gap down opening on 30th of March. One can look to exit there, but if the volume supports, we can see a rise till the previous supply zone on the monthly charts ranging from 860-80´s.
For entries, I would look at a break of the channel which would be confirmed by a candle closing above or below it.
Compare Indian StocksA Comparision of Indian stocks on their relative performance with respect to Sensex.
LT Inside Bar TradeLong if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
Look at the trend line ! Seems LT will touch 1050 soon !!!LT Weekly trend chart !
If #market #trend and fear continues for few days due to #Corona Virus, #LT will soon touch the nearest trend line that is around @1050.
Will continue short position till target @1050 with a stop loss price @1200
Is LT in danger zone ? Weekly chart Analysis ! NSE:LT
Near to triangle pattern base, Will Short if it breaks the base.
Entry Level Price -Rs 1270-1260
Target Price - 1200
Stop loss - Rs 1290-1300
LT NEAR OUR PRZDISCLAIMER :
As a trader you should consider your own risk:reward ratio and do proper lot sizing according to your margin and leverage level.
Not every idea is a valid trade.
This analysis is a trading idea, not a trading signal for you.
My own trend direction estimation, entry point, stop loss and take profit levels are on the chart.
Good Lucks.
LT Weekly Chart.Turning BullishLT on a weekly chart framed a double bottom recently and approaches trend line. Expecting a bullish Breakout
