l&t verge of breakoutnearly a 5% upside from here as the chart here defines the breakout I expect it to be in June but it is just my analysis I can't predict the future so take it with a pinch of salt I may or may not hold any position
LT trade ideas
L&T showing weaknessOn weekly timeframe, we can see evening star which is bearish and along with that RSI is showing bearish divergence also. MACD has also formed bearish crossover. All these signals are showing weakness in L&T. May go down to 2050 if it breaks support which is around 2180 (daily timeframe 100 ema).The content provided is for educational and informational purposes only.
LT--Consolidation + Breakdown ??Observations::
-------->> the stock is consolidation for more than a week, and today showing large sell off,
and now price is @ demand zones, keep track this levels 2250 or 2200.
-------->> We have strong buy ness is observed in these levels, look for buying at these levels.
Price Trading near Multiyear Resistance ZonePrice Trading near Multiyear Resistance Zone .... High probability some times LT under perform Nifty
LARSEN & TOUBRO BO of Pole & Pennant#Stock : #LARSEN & TOUBRO
#Chart Time Frame: #Daily
#Structure : #Pole & Pennant BO on Daily basis
On #Daily Time Frame the Stock has given a good BO of Pole & Pennant yesterday i.e.05-04-2023
So stock looks good for long as per the levels mentioned below:
#CMP - 2276.90 or BoD 2200
#Target 1 - 2378
#Target 2 - 2544
#Target 3 - 2710
#SL - 2050
#Holding Time Frame - #Medium to #Long Term
All charts & studies posted here are only for #EDUCATIONAL PURPOSE
L and T only for explains Technical analysis
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Larsen & Toubro showing bearish divergence in Weekly and Monthly-The Stock seems to lost its bullish momentum with bearish divergences(RSI) in weekly and monthly timeframes.
-Prices seems to accumulate at the top with no or negligible bullish movement in last 5 months(No strong bullish explosive candle in last 5 months).
-Inverted hammer in monthly with Evening star pattern in weekly indicating that stock may turn its trend to become bearish.
-Any follow up candle to evening star in weekly time frame can trigger entry for short trade(Futures).
-Looking to play Directional option strategies(Bearish) as this stock will not be strongly bullish(in short term) for sure.
-Breakout of last inverted green hammer in monthly will change my view about this stock.
Best set up in Larson & tubro (LT)On weekly chart of LT it takes support of trend line good support at 2200 ,if it holds then it may take good upside potential
Larsen Toubro break out confirmedExpecting to hit 2500 levels soon. Breakout confirmed and sustained
long position on LTMy strtegy is based on price action with the reading of certain indicators that I like whilerespecting all the values that define the stock maket
Higher low formation in LT Stock can show move if it break 2137, target can be 2163
And if breaks below 2106 than it can again go to 2086
Larsen & Toubro analysis Larsen & Toubro Ltd, commonly known as L&T, is an Indian multinational conglomerate company, with business interests in engineering, construction, manufacturing, technology, information technology and financial services, headquartered in Mumbai. The company is counted among world's top five construction companies.
LARSON & TOUBRO cup and handle pattern Larson & toubro Cup and handle pattern
SL is on 2170
Entry is at 2195
Target is at 2260
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Bullish on LTSupport candle and confirmation candle on the day chart. Broke two day high and day high. SL 2107.50
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LT Making head and shoulders patternLT Making head and shoulders pattern
LT - 2080 Level Break then start making head and shoulders pattern.
LT - 2080 level break then is come 2030 to 2035 level then it come up move 2080 to 20100 then again come down break 2035 level then its come to 1900 to 1880 level.
larsona and tourbo very good pattern if stay some time yellow mark going to big move to upper site wait for confermation and some time spent with trendline
L&T heading towards a Bear RunThings to note :
1. 2200 level has been tested multiple times (3 times) on the monthly chart, which is really a worrying factor.
2. Head and Shoulder pattern formation after the recent breakout.
Targets - 2000/1800/1600
Expecting to reach 1800 before the results.
L&T : Break the Head & Shoulder PatternL&T Stock on Daily TF has broken head & Shoulder Pattern on Friday with high volume. Stock moving upside with trend line support. Stock is strong momentum on long and short term.so stock can going upside and retest the previous high.
Entry : CMP
Sl : 2175
Upside Move : 2280
LT H&S pattern on D time frame LT making formation of H&S pattern on Daily time frame . Right side shoulder was till incomplete
LTLT broke out of triangle pattern on 30 min TF with decent volumes.
Could be bought with mentioned stoploss & target.
