LS_TB trade ideas
Multi year breakout from channelLT is a company which is cash rich, and growing, albeit slowly...it has just BO'd from channel. This is a monthly chart and LT was on my watchlist for some time. targets are marked. But i would not jump into it just yet...let us see what it does in next few days and weeks.
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!
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.
