LARSENLarsen broke out of another bullish triangle & its consolidating at 1919 levels which happens to be its 50% FIB Retracement from breakout level.
Could be bought with mentioned sloss & targets.
LT trade ideas
LT MEDIUM SWINGAll levels indicated in chart. Would appreciate value additions, if any. Have a great 2022. Cheers.
Raising Channel Breakoutstock analysis: L&T has broken the raising channel it is good buy around current level with marked demand level as stop loss for short team. for long term it is expected reach the given target let's see
Happy Investing!
Multi year breakout from channelLT is a company which is cash rich, and growing, albeit slowly...it has just BO'd from channel. This is a monthly chart and LT was on my watchlist for some time. targets are marked. But i would not jump into it just yet...let us see what it does in next few days and weeks.
Larsen & Toubro breaking out from 2+ year trendlineNSE:LT is breaking out of a trend line. It has been in good momentum and if it continues then we can see more upside in the stock. Keep an eye!
Long on LTNSE:LT
LT has given a monthly breakout above 1750 .
Volume confirmation is not available as volume is low than average.
Wait for near term consolidation or enter based on risk appetites
As its a monthly breakout hence time frame will be minimum 6 months..
Channel breakout
Reverse head and shoulder formation visible.L&T is forming a reverse head and shoulder pattern.
Target 1860-1880 in near term.
Can further rally upwards forming new All time highs but will be post next quarter results, stay invested and do not short.
This is my personal analysis and not a recomendation.
please do your own detailed analysis before investing.
