LS_TB trade ideas
L&T - GO LONG FOR A RR OF 1:4L&T - GO LONG @ 788 WITH A SL OF 751 AND A TARGET OF 918. TARGET SHOULD BE ACHIEVED BY 2ND JUNE 2020
Larsen & Turbo Testing Lower Value, What next ?Larsen & Turbo As you can see it can't break there resistance level at 830 and seen its fake break, now trading below their resistance level, You can short below Previous Candle Closing, Easy target 800: 785: 770, Sl Is closing high of the previous Candle at 850.
Thanks
Larsen & Toubro Limited ( LT)Bullish Gartley - 1-day time frame
Buy above - 810
Stop Loss - 750
Target1 - 834
Target2 - 893
Go long above Target 1
LnT Moving toward 780LnT broke below 840 and now that will the resistance for upswing. Current trend suggesting that the stock will test 780 and if trend continues downward then 760. For upside if crosses above 840 then we can suggest fresh target
Long Term AccumulationHigh Break Signal After Week 1 of Green Signal.
Time to Accumulate for Long term trading.
Buy LT positionally Have added it in cash if the nifty continues to show strength , LT looks a good buy
LnT long term trend postive and Short term negativeLnT is showing higher low and higher top pattern in daily candle. Any break from 940 may see LnT touching 1000 and any breakdown can bring it to 860-840. Play range and stay safe
LT - GO SHORT FOR A GREAT RRLT - GO SHORT @ CMP WITH A SL OF 988 AND A TARGET OF 763. TARGET SHOULD BE ACHIEVED BY 21 APRIL 2020.
Bullishness may continue in L&T for sometimeL&T has been making Ascending Right Angled Triangles and the trend line on daily charts is also showing bullishness. If L&T decisively breaks (a closing price with heavy volume) over and above 922, I believe that we may see levels of ₹1000 before 4th May.
Cup and handle - LTForming cup and handle pattern, if price closes above 880 in 30 mins time frame it may move up to 1080 coming days.It will be invalidate if its not closing above 880.
Decision Zone - LTLT has shown heavy consolidation within the channel for about 5 times. Any breakout on the upside and the downside can possibly be a good setup for intraday play. On the downside, we can see a target till the trendline in black. It would need healthy volumes for the trendline to break. The reason being that, on previous occasions when the trendline had been tested, the price action was supported by good volumes and yet the line held. So, for a safe exit, I see trendline as the target. On the upside, there can be a possible gap fill created by gap down opening on 30th of March. One can look to exit there, but if the volume supports, we can see a rise till the previous supply zone on the monthly charts ranging from 860-80´s.
For entries, I would look at a break of the channel which would be confirmed by a candle closing above or below it.
