LT Long for short termLT is forming pole and flag pattern. LT is bearish is longterm in daily TF but currently it is trading at trendline support. Going long for short term!!!
Resistance at 1562
support at Current market price.
LT trade ideas
LARSEN & TOUBRO Daily BULLISH GARTLEY
price need to follow Green Trend line & hit target
If price Breaks Red Trend line is where EXIT before SL hits
POTENTIAL BUY
LARSEN & TOUBRO MONTHLY BEARISH Deep Crab
Earlier this same Pattern given good reaction on Type1 entry & Hit TARGETS
now price again came into PRZ Zone of Pattern it becomes a TYPE2 Entry which is REVERSAL
price need to follow Green Trend line & hit target
If price Breaks Red Trend line is where EXIT before SL hits
POTENTIAL SELL
LOOKING FOR BOTH SIDE TRADE SETUPLT GOOD OPPORTUNITY TO GRAB IF UPSIDE BREAKOUT IF BREAT DOWN SHORT FOR SMALL TRADE
Larsen & Turbo - Intraday Trade SetupL & T CMP - 1411.25
Looking bullish in higher time frame. One can go for Intraday Trade Setup with the following entry, exit & targets.
*Buy* At or Above 1416 / Stop Loss 1405
Target 1 - 1420
Target 2 - 1425
Target 3 - 1430
Disclaimer: This is my view and for educational purpose only.
LT - Elliott wave analysis - 5th wave up - need confirmationIt looks like 4th wave finished and now just started 5th wave up for new high. Wait for impulse up as 1st wave of 5th wave up in 5 min time frame to confirm the trend.
Larsen & Turbo - Intraday Trade SetupL&T CMP - 1437.65
Looking bearish in higher time frame. One can go for Intraday Trade Setup with the following entry, exit & targets.
*Sell* At or Below 1431 / Stop Loss 1452
Target 1 - 1426
Target 2 - 1420
Target 3 - 1410 / 1400
Disclaimer: This is my view and for educational purpose only.
Swing trade opportunity in Larsen & TourboThe buying trade can be initiated at the current price levels of 1518 with SL st 1506 and the 1st target at 1542, 2nd at 1560 and 3rd at 1570 levels.
The trade in this can itself can be a winner as the proper risk management can be followed here as the risk reward ratio of around 1.8:1 which is quite good around this level.
Intraday levels for LT / 16-Feb-2021Trade to be taken only on a bullish day / No shorting opportunity
15 min Timeframe
1.Breakout from consolidation mode / support on 20MA
2. Bullish divergence
3. Could also be a swing trade if closing above 1575
L&T | AnalysisAs we know Budget 2021 of INDIA has been there and its main focus is on the infrastructure. So, It may be good to have a Good Stock based on this in our watchlist.
So, Let's come to the Point, Should you buy this Stock ?
Let's See the Analysis first and then we'll conclude the Buy/Sell Call -->
In the Chart we can see that the Rectangular Range is there which is tested well and Price is fluctuating in it for a long time.
Also, In the hourly chart we have the Descending Triangle which serves as the reversal pattern because Bears are pushing the price at the same level while Bulls are not able to.
As a result, Descending Triangle forms with trendline at the top with decreasing buyers momentum and Baseline at the bottom indicating the constant seller's momentum.
But RSI indicates that there is a support and It can jump from there, So, We should wait for the breakout.
So, at the end we have two different scenarios that are either the stock will follow Path 1 or Path 2. So, wait for the breakout and follow the Path accordingly.
