LTOD trade ideas
Chart of the week. Techno-Funda pick. LTThis is one of my favorites. I am recommending this stock since 1450 and continuously buying at each breakouts. Recently I recommended it when it was trading around 2450. Now again its a good level to enter or average your stock (always at higher price). As recommended earlier, 30/6/23, stock is ready to hit 3500 levels.
T -3500
Sl - 3045
Larsen & Toubro - Ichimoku BreakoutStock Name - Larsen & Toubro Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 3200
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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LT--@Resistance Zone??A strong bullishness is observed from this stock from 3040 levels...if this is an exhaustion or initiation.
Previously a strong fall is observed from the levels 3120 levels...
now its again at resistance zone...if this move is initiated by buyers again this will break the resistance soon...if this is an exhaustion of buyers it will breaks the support at 3040.wait until it confirm its bullish or bearish then look for sell or buy..until keep in wait and watch mode...
Buy L&TAfter the consolidation. L& T price has got a chance to prove to break new high to reach the next Resistance levels.
My previous idea still runs but to research purpose
As I promised to my followers I will be back in this L& T idea
Buy @ CMP (2719)
Stoploss - 2682
Target - i - 2774
ii- 2869
iii - 3117
I will update with next movement and actions.
Kindly follow me and my ideas for better analysis.
Pl like the ideas and keep connected for your better trading.
This is for educational purpose.
I dedicate this Chandrayan 3 landing.
Happy Trading
Jai Hind
L&T can witness Profit booking at this level On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
L&T sell till sept 2023this week it will show selling pressure
till 2766 selling pressure
its weekly shooting star candle
The Shooting Star Candlestick occurs when the opening price for a security is higher than the closing price and the positive fluctuation (the highest price for that day) is greater than twice the difference between the opening and closing figures. The lowest price for the day is either the closing price or lower.
Therefore, the shooting star candlestick, usually represented by the colour red to signify its bearish nature. It has a small body with an extended wick above the body and either a small or absolutely no wick stemming below the body of the candlestick.
LT - MULTIPLE BREAKOUT๐ Script: LT (LARSEN & TOUBRO LIMITED)
๐ Nifty50 Stock: YES
๐ Sectoral Index: NIFTY INFRASTRUCTURE
๐ Sector: Construction
๐ Industry: Engineering Designing & Construction
Key highlights: ๐กโก
๐ Script has given breakout of BB Upper Band.
๐ MACD is just giving crossover.
๐ Already Crossover in Double Moving Averages.
๐ Price moving along with volume.
๐ RSI was facing hurdle at 74 level and gave breakout shown in chart.
๐ There is Trendline Breakout also.
๐ Right now RSI is around 78.
โฑ๏ธ C.M.P ๐๐ฐ- 1936
๐ข Target ๐ฏ๐ - 2078 & 2247
โ ๏ธ Stoploss โ ๏ธ๐ซ - 1827
โ ๏ธ Important: Always maintain your Risk & Reward Ratio.
โ
Like and follow to never miss a new idea!โ
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat๐ Sleep๐ด TradingView๐ Repeat ๐
Happy learning with trading. Cheers!๐ฅ [/b
L&T breakout toward all-time-high zoneThe price of the stock L&T (NSE: LT) is has broken out toward all time highs (ATH) on the day time scale. The price retraced toward previous high of 2420 and has exhibited a continuation.
Bulls are strong in the ATH zone and buying the breakout is the most logical thing toward risk management level of 2420.
Long-term target would be 2.618 Fibonacci extension of 3120.
LT Double Top Pattern forming 12 JulyIn NSE:LT Double Top forming
Timeframe - 15 minute
Date - 12 July 2023
Confirmation Price- Around 2457
It can move till 2417
Disclaimer - This I share just for reference and educational purpose for community. Please do not take trade based on this. For trading or investment please do your analysis.