Larsen & Turbo- 1000 expectedL&T Bullish Gartley respected PRZ and also retraced at golden ration on point "X", RSI is also supporting for upward move,Looks like it will cross 1k in coming days... Targets on chart...
LS_TB trade ideas
Pattern of the Day- Rising WedgeResults are good for L&T and also RSI is above 50. Rising Wedge pattern is formed on daily charts. It can show a upside momentum in coming days.
L&TIt has closed above its support of 917, as results are around, it can be played for 929 and 939 levels. if more aggressive then for 952.
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Hi all,
Its pleasure to have you all here.
I have started putting these charts as a contribution from my side to all people who are new to business, as I had to struggle a lot without any sources at disposal. So please consider this a just small contribution from my side.
Few Honest Disclosures:
1. Any idea shared is my personal view, its not a recommendation, neither any kind of paid propaganda, so please
do your bit of research.
2. Ideas shared does not mean that I trade all or have position in them, this is just a helping hand to all.
3. I expect no comments or like nor any negativity, as I said its just a small helping hand from my side, please plan your risk and trade as per your capacity.
4. To trade in Cash, options or futures is your sole choice and your own risk
5. I am no expert in Tech Indicators, I believe in support resistance and trendline theory, you may use this as a supplement theory for better results.
6. I work for my own living, this is a hobby which I do sincerely to help anyone who might come across my charts.
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Larsen & Toubro Fibonacci ResistanceLT is facing stiff resistance from 78.6% FIB as well as 900 psychological level. Given that it is an inherently strong stock, it may be a good idea to consider adding to LT positions if you have a broader investment horizon.
Is LT a good candidate for breakout ? Based on this chart this looks like a good candidate for breakout (unless it goes below the trend line, in which case it will be a breakdown). Let's wait for few days to find out if this is a correct understanding.
Larsen & Toubro Price at trend line Supportthis is one of the most confusing zone for trader it can easily bounce above the trend line so it can be trap .
don't short at the trend you can wait for retest of this zone and if rejected again than you can short the retest.
for long we can not long the price above trend line ,we have horizontal resistance above and this is good confirmation for long
L&T-May be a bullish triangle to the target 1100 ...Market Commentary:
First have an look for the positional trend i shared here previous....if you are a follower of me...and sometimes i will share the counter trend trade also in 15 mins and 1hr...but that is risky ones...so if the trend is bearish or bullish, if i am expecting the correction...book the profit there and wait the correction to end and again go with the trend....DONT TRADE THE COUNTER TRADE SETUP...you will took loss too...try to identify the sort term pull back and the long term pull back after that took small lots in the short term PB with strict stop and go with big lots in the trend side that is long term. I WONT TOOK ALL THE TRADE PLAN SHARED HERE...
Read the market commentary inside the chart what i shared here carefully and try to learn Elliott waves...otherwise its tough to understand the market commentary and my analysis. I wont give a entry, stop loss and take profit in my chart...it is only for EDUCATIONAL PURPOSE and i am sharing how i am analyzing the pair and labeling them according to the Elliott wave theory...I AM JUST SHOWING THE TREND HOW IT MAY GO AND MY VIEW(it may wrong too)..so DON'T FOLLOW BLINDLY MY CHART..take this as a reference and if it correlate to you strategy took the trade as per your strategy...DON'T ASK ABOUT YOUR RUNNING TRADES i wont comment on them and I WONT SUGGEST TO TAKE MY TRADE SETUP.
My style of trading is different from others and I WONT PLACE A STOP...but ALL MY TRADES ARE UNDER MONEY MANAGEMENT ACCORDING TO MY ACCOUNT SIZE...i wont close the trades even in the BIG NEWS EVENTS OR SCHEDULED NEWS TOO...i am technical analyst based on trendline, channel, fib retracements, expansion, stochastic for divergence, EMA's and MA's are finding the pull backs and MAJOR IS ELLIOTT WAVES...those mentioned past are using as a TOOLS only. I am not a fundamental, sentimental trader...but only the fundamental will boost my technical analysis to reach my target or sometimes it will go against me and then i will manage the trade according to the Elliott waves alternate views...
Each and every trade plan i am sharing here has a alternate view and i am sharing only the most probabilities(70-80%) here...sometimes the other (20-30%) may market do..then i will change the wave counts and labeling according to the price action. All labeling and wave counts done by me by manually and i will keep change according to the LIVE MARKET PRICE ACTION. So dont bias, hope on my trade plans...try to learn and make your own strategy...Following is not that much easy...I AM NOT RESPONSIBLE FOR ANY LOSSES IF U TOOK THE TRADE ACCORDING TO MY TRADE PLANS....THANKS LOT..CHEERS
LTNSE:LT
There has been lot of rejections on the upper side, from here it might reach to the levels of 917, and if it breaks 917, there will be a downside move to 909, 904 and 896.
**********************************************************************************************************************************************
Hi all,
Its pleasure to have you all here.
I have started putting these charts as a contribution from my side to all people who are new to business, as I had to struggle a lot without any sources at disposal. So please consider this a just small contribution from my side.
Few Honest Disclosures:
1. Any idea shared is my personal view, its not a recommendation, neither any kind of paid propaganda, so please
do your bit of research.
2. Ideas shared does not mean that I trade all or have position in them, this is just a helping hand to all.
3. I expect no comments or like nor any negativity, as I said its just a small helping hand from my side, please plan your risk and trade as per your capacity.
4. To trade in Cash, options or futures is your sole choice and your own risk
5. I am no expert in Tech Indicators, I believe in support resistance and trendline theory, you may use this as a supplement theory for better results.
6. I work for my own living, this is a hobby which I do sincerely to help anyone who might come across my charts.
***********************************************************************************************************************************************
ASCENDING TRIANGLE PATTERN IN L&T- Short term target - 975
- If breaks level of 990 then it will rally towards 1030-1050 levels.
Larsen & Toubro Ltd (LT - NSE) - choppy price actionLarsen & Toubro Ltd (LT - NSE) is now within wxy complex corrective cycle, wait for clear confirmation of x wave formation to end for bearish trade set up.
