LS_TB trade ideas
L&T targets as shown Refer figure for targets :
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Good quarterly growth in the recent results
Book Value per share Improving for last 2 years
Strong Momentum: Price above short, medium and long term moving averages
Outperformer - Larsen & Toubro up by 16.1% v/s NIFTY 50 up by 6.81% in last 1 month
Bullish Momentum - Above Short, Medium and Long Term Moving Averages
Mutual Funds have increased holdings from 17.67% to 18.25% in Jun 2022 qtr.
13.34% away from 52 week high
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LT Sign of reversal - Buy on DipIt seems like it has completed 5th wave in downward channel and given sign of selling exhaustion. it will likely bounce back to 1590 and once it crosses 61.8 level of retracement it will start your journey towards 1700. Can be added on every dip with a stoploss below 1510.
LARSENT & TOUBRO - weekly chartIts looking bullish, waiting for the LARSENT & TOUBRO to correct and then give us long opportunities.
Note: its my view only and its for educational purpose only. only who has got knowledge in this strategy will understand what to be done on this setup. based on my technical analysis only
LARSEN & TOUBRO, first good stock in IT sector hey guys ,
IT sector was in a constant downtrend for a long trend ,
but now ,
we can see some CORRECTION in IT sector ,
and the first best company to invest in is,
LARSEN & TOUBRO
this stock was moving in a fixed downtrend,
and this stock was making a pattern called
FALLING WEDGE PATTERN
and now this stock has crossed it's resistance ( of this pattern )
and we can see a GREAT BIG GREEN CANDLE ,
therefore , i suggest that traders should buy this stock
and earn high returns ,
also, LARSEN AND TUOBRO is a well established company ,
fundamentals are also good
therefore, there are less chances of BULL TRAP for traders ,
BUT FORST CONSIDER THE GLOBAL MARKET SITUATIONS,
1. INFLATION
2. WAR
3. RISING BANK RATES
4. INCREASING EXPORT DUTIES ON CRUDE OIL
AFTER CONAIDERING THESE SITUATIONS YOU CAN BUY THIS STOCK AND EARN HIGH RETURNS ,
😀😀