LT - Bull Flag - Breakout awaited - SwingThis analysis is done purely on basis of price action and chart patterns
Analysis is done on Daily TF hence it may take few days to few weeks for price to reach the given target
Stock is at good consolidation phase and it can be accumulated with small SL (1085-1090 range).
Stock is fundamentally strong. The sector is having good push by govt policies and LT being the leader, very high chances that it will rise near life time high.
This is not a trade recommendation. Do your own study before entering into any trade.
Trade with your own risk & money management.
Feel Free to comment for any query or suggestion.
LS_TB trade ideas
Taking long Position in LT With theTarget of 1460After looking at 3yo Chart, V -Shaped recovery went well 1200 is acting as Base Support still considering volatility in Market keeping safe SL of 1250 and Target of 1460.
LT bagged Sufficeent Order to Support growth and rally towards 1460.
My strategy would be to book 50% profit at 1460. If it sustain and markets sentiments are positive hold and add more for target of 1580+
Comments and suggestions are welcomed. Cheer and Thums-up if you agree with data.
Vftr C Institutional Total International S 14 Jan 2021
Bulck Purchase
1,73,802 (BSE)
Quantity 1,353.5
LT
Larsen & Toubro. Total Revenue Qtr cr 31,593.7
(-12.1%)
Operating Expenses Qtr Cr 25,715.2
(-12.2%)
Operating Profit Qtr Cr 5,319.5
(-12%)
EBIDT Qtr Cr 10,292.2
(50%)
Depreciation Qtr Cr 713.1
(13.3%)
Net Profit Qtr Cr 5,520.2
(118.4%)
Active candle stick is Morningstar Bullish pattern
Morning Star is a three day bullish reversal pattern consisting of three candlesticks - a long-bodied black candle extending the current downtrend, a short middle candle that gapped down on the open, and a long-bodied white candle that gapped up on the open and closed above the midpoint of the body of the first day.
NSE:LT
Disclaimer: Not providing any calls or any recommendations to buy. Just using my skills to predict future price bases current market trends, news and Candlestick pattern. Please be patient and do your own analysis.