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
LS_TB trade ideas
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.
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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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LT Down then up ... Looks like we go down on Bloody Friday to test possibly 860 however 883 should be your first bid.
Just a quick update for whomsoever requested it ..
I did a few trades of this on swing and intra now hopped out for the moment . I usually don't stick around for trades long so please exit as per your plan :)
Still looking to resume upwards i'd say probably Tuesday.
NIfty still needs to tr=est 10335 area then onwards so just wait for it to resume pumping upwards or actively manage your trade and hop off even if you see a 5% pull back which may happen .
This will get you in the habit of booking profits and cutting your losses as well .
Best of Luck !!
Larsen & Turbo from 2 June 2020My view will be on buy side above the support level 945 .. if not broken then i will not trade since it will be in no trade zone ... view on 15 - 45 min and 1 hourly is negative .. I think there will be massive resistance to downside at-least till 915 ... after that look for sell
LT Pass 880 and Fly Well pretty similar to other graphs out there looking to bounce with
targets of 936
1034
1184
1363
LTF golden cross on the 4hr with the 50 day crossing the 99 day expecting 200 MA to come down to 1034 and be our first area of profit taking .
May just leverage long this in the morning with a good position size since its fairly close to my point of invalidation .
Ideal to go all in for a swing if you are planning on with a loose SL of 777.