LT trade ideas
Long in Larson and Toubro Stock is trading in channel.
May touch a short term target of 1320.
CMP: 1308
SL: 1302
Good risk reward ratio of 1:2
Target 1: 1320
WEEKLY TRIPLE THREE STRUCTUREAfter setting new high the stock is going swing down to 700 level zone.
L&T bu CMP 1172 Target 1260L&T bullish Crossover on Daily & weekly charts strong volume today buy CMP 1172 Strong support @ 1100 Target 1260 above that logical target 1750 in next 6 - 9 Month
L&T Buy CMP 1172 Target 1260L&T bullish Crossover on Daily & weekly charts strong volume today buy CMP 1172 Strong support @ 1100 Target 1260 above that logical target 1750 in next 6 - 9 Month
#L&T BUY SETUP LOOK BULLISH -27/7/2017DAILY FINANCIAL WISDOM: Amateur traders focus on rewards. Professional traders focus on risk..
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Larsen & Toubro (LT) a buy on dips (Elliott Wave Analysis)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 the Red Zone around 1450 to 1430 keeping strict SL below 1380.
2. A less aggressive approach would be to buy on clear break of the important Resistance of 1520.
Once the market sits above that level it would be a clear validation of the counts.
Point of Invalidation lies below 1300
I will update further if need arises.
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Buy LTBuy LT near 1454 with stop loss at 1420-1421 and target at 1515 with reward to risk ratio 2:1.
LnT - Short Term BearishLnT seems forming HNS targeting 1280-1220 if breaks and sustains below 1420. One can keep stop of 1490 as stop once 1420 breaks and sustain below it.
LT - Big Big Big Cracking, Rectangle Consolidation BreakoutThe price action is been ranging from 1516-1460, about range of 60 points for a while and now I could see a cracking or breaking of it that indicates weakness and bearishness. I would suggest to short for now with a stop loss at 1485. Target 1400
