LTO trade ideas
Larsen & toubro......... Monthly chart analysis.This chart shows you the current monthly fibonacci sequence in which this stock is. At the moment the stock is trading in between the support zone ( 1200 ) and resistance zone ( 1470 ). A Monthly candle close above 1470 would take
it to the potential target of 1650 . This is just my view...... you are free to comment.
L&T: Short Set upAfter an impulsive decline a three wave corrective structure has found resistance at 61.8 retracement. Short L&T now. Stop loss as per your risk mangement.
Is LT going towards 769?Hi
Everything mentioned on chart :-
Price near long term resistance line
Bearish divergence
Doji
Double top
Global factors
Is it going towards 769 in next few months ?
Invest,Trade Cautiously
Regards
Sumeet Lunia
New Delhi
6 Dec Sunday (Price @ 1388.05)
LT - SHORT TERM AND LONG TERM PLANLT HAD MADE AN ENDING DIAGONAL IN THE C WAVE ON THE DOWNSIDE. THIS WAS DEMONSTRATED BY THE FACT THAT THE ENTIRE C WAVE WAS RETRACED IN LESS THAN 1/4TH OF THE TIME TAKEN FOR IT TO FORM. THIS MEANS THAT THE CURRENT UPMOVE IS AN IMPULSE. WAVE 1 AND WAVE 3 OF THIS IMPULSE HAVE ALREADY BEEN COMPLETED AND WAVE 3 IS SLIGHTLY LONGER THAN WAVE 1. THIS MEANS THAT THE 5TH WAVE WILL BE THE EXTENDED WAVE, WHICH FURTHER SIGNIFIES THAT WAVE 4 WILL BE MORE COMPLEX AND TIME TAKING. HOWEVER, ONCE WAVE 4 IS COMPLETE, THE UPWARD MOVEMENT WOULD AT LEAST BE 170 POINTS FROM THERE. RIGHT NOW, THIS CAN BE TRADED FOR C WAVE.
THE ENTIRE UPMOVE FROM 1322 TO 1411, THE ABC WAVE COMPRISES OF A LEADING DIAGONAL IN WAVE A AND AN ENDING DIAGONAL IN WAVE C. THE IMMEDIATE TARGET OF LT IS 1358 WITH A STOPLOSS OF 1428. THIS TARGET SHOULD BE ACHIEVED BEFORE EOD OF 19 NOVEMBER
Expiry Strategy: Sell 1400 Call Oct @ CMP 4Recent fall following bearish engulfing in weekly and close below bollinger lower band would keep the sentiment in negative bias for Oct. Expect the expiry would stay below Rs.1400.
LT, 200 DMAThe engineering behemoth is not doing much for last six month. Now price is at 200 DMA. Expect some consolidation to make decisive move.
Long in Larson and Toubro Stock is trading in channel.
May touch a short term target of 1320.
CMP: 1308
SL: 1302
Good risk reward ratio of 1:2
Target 1: 1320
WEEKLY TRIPLE THREE STRUCTUREAfter setting new high the stock is going swing down to 700 level zone.
L&T bu CMP 1172 Target 1260L&T bullish Crossover on Daily & weekly charts strong volume today buy CMP 1172 Strong support @ 1100 Target 1260 above that logical target 1750 in next 6 - 9 Month
L&T Buy CMP 1172 Target 1260L&T bullish Crossover on Daily & weekly charts strong volume today buy CMP 1172 Strong support @ 1100 Target 1260 above that logical target 1750 in next 6 - 9 Month
#L&T BUY SETUP LOOK BULLISH -27/7/2017DAILY FINANCIAL WISDOM: Amateur traders focus on rewards. Professional traders focus on risk..
