The weekly wave count for LARSEN&TOUBRO LTD. suggests that it recently completed a wave IV correction from the Jan 2024 highs, and now is all set to move higher in wave v. The expected wave would be the wave V of 3. The target zone for this wave is projected at around INR 4100-4150 levels which is around 20% up from CMP. INR 3400 is a support zone for the stock...
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.
Dear traders, I have identified chart levels based on my analysis, major support & resistance levels. Please note that I am not a SEBI registered member. Information shared by me here for educational purpose only. Please don’t trust me or anyone for trading/investment purpose as it may lead to financial losses. Focus on learning, how to fish, trust on your own...
There is a formation of the Shark pattern on the daily chart of the Larsen & turbo. The first Potential Reversal Zone of the pattern is at 1625-1636. The second PRZ stands at 1550-1560 Keep an eye on price action around these levels for catching a reversal or pullback trade. Weekly support of the stock also coincides with this pattern, making it an...
As you can clearly see the breakout of multiple resistance in chart above. One can definitely go long on this until it is above the trendline.
NSE:LT can buy small qty now @ 1665-1660 and add more near 1600 on bounce SL Closing below 1545 T 1710, 1770, 1810, 1880
5 Month long base Steady Uptrend Breakout happened with high volume
Looks Bullish All the key levels are mentioned in chart with Stop-loss and Targets Macd in daily is positive and Uptick and also above zero line Macd in hourly is positive and Uptick and also above zero line Bollinger Adx and Dmi are positive RSI in daily above 60 with Uptick RSI in hourly above 60 Key Levels Disclaimer I am not sebi registered...
Larsen & Toubro Limited, commonly known as L&T, is an Indian technology, engineering, construction, manufacturing and financial services conglomerate headquartered in Mumbai, Maharashtra, India. It was founded by two Danish engineers taking refuge in India. L&T (as per CRISIL consolidation) has superior liquidity driven by significant cash balances of more than...
L&T has formed a bullish price action pattern called as flag and pole pattern. Generally after a sharp move market relaxes a bit and gathers some energy for going further in the same direction.
This analysis is purely based on price action and chart pattern. This is for short term swing/positional trading. Trade may take few days to a couple of weeks to reach its final target. Trade strategies are shared in image itself SL to be trailed according once entered in trade. *Take trade on your own risk & money management* Feel free to comment for any...
In this article I'm doing Elliott Wave Analysis of LT . As per the posted chart LT seems to have started the Wave 3 and currently seems to be have completed the lower degree Waves 1 and 2 , simply speaking we should be seeing a 3rd of the 3rd real soon if this analysis is correct. Currently 2 trading strategies can be employed : 1. Traders can buy on dips in...