LT trade ideas
LT, 200 DMAThe engineering behemoth is not doing much for last six month. Now price is at 200 DMA. Expect some consolidation to make decisive move.
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..
BUYDAILY FINANCIAL WISDOM: The most consistent strategy you'll ever trade is the one that makes you feel the most comfortable...
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.
DNA STRATEGIES BUY ATDAILY FINANCIAL WISDOM: The search for the perfect trading system is one of the key sources of losing money...
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.
