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L&T FINANCE LTDL&T FINANCE LTDL&T FINANCE LTD

L&T FINANCE LTD

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LTF trade ideas

l&t- this will finance my expenses !!! 2X!!Key Observations: Chart Patterns: A cup-and-handle formation is visible, indicating a bullish continuation pattern. A wave structure (likely Elliott Wave) is drawn, showing a Wave 5 target at 259.50 INR. Support & Resistance: Support Zone: 125-135 INR (marked as a buying opportunity). Stop Loss (SL): 111 INR. Resistance Levels: 164.05 INR (1.618 Fibonacci level). 188.77 - 198.90 INR (previous highs). 259.50 INR (projected Wave 5 target). Fibonacci Levels: 0.5 Retracement: 125.12 INR (aligns with the buy zone). 0.382 Retracement: 141.11 INR (potential resistance). 1.618 Extension: 164.05 INR (breakout level). Indicators: RSI (Relative Strength Index): 49.39, indicating neutral momentum. RSI-Based Moving Average: 62.65, showing a previous uptrend losing strength. Conclusion: The chart suggests a bullish long-term outlook, with a buying opportunity in the 125-135 INR range. A break above 164 INR could confirm the next bullish wave. The RSI is neutral, meaning the stock could consolidate before making the next move.
NSE:LTF
by Pushpmegh
L&T Finance - Strong Support Zone Swing Trade SetupL&T Finance has reached a key support zone around the 140-145 range , which has been tested several times in the past (indicated by the blue arrows). This zone has consistently held up, with strong rebounds, signaling significant buying interest. Support Zone: 140-145 range Current Price: 150.40 Entry Strategy: I’ll be watching for a bullish or green daily candle forming near the support zone. Once that candle is established, I’ll look for a 15-minute candle to break above the high of the daily candle. Once that happens, the entry will be confirmed. If the support holds and we get a bullish daily candle, followed by a 15-minute breakout, this could be a strong setup for a reversal. The volume spike seen here also adds confidence that buyers may be stepping back in at these levels. Disclaimer: This post is for educational purposes only and not financial advice. Always do your own research and manage your risk responsibly.
NSE:LTFLong
by gupshupblog
3
buy at zone - swing / intradayENTRY - lines marked below is potential reversal zone ( PRZ) - entry is strictly inside the zone - look for buying confirmation in smaller time frame ( 15 minutes preferred ) EXIT 1. target - mark fib retracement from C to latest swing low - TGT 1 - 0.236 fib level ( intraday tgt) - TGT 2 - 0.382 fib level - TGT 3 - 0.5 fib level ( preferred target ) 2. SL - candle close below (PRZ) - if u didn't get confirmation inside the zone , ignore this pick - if candle close is below zone , this pattern becomes invalid . IGNORE THIS PICK - RE-ENTRY can be done , if u again get buying confirmation inside the zone
NSE:LTFLong
by rajeevmmails
7 year breakout candidateOverview: LTF is currently retesting its multi-year support level, which suggests a critical juncture for potential investors. The price range of 150-180 has been identified as a significant support zone where the stock has historically shown tendencies to reverse. If the stock manages to reverse and sustain above this level, it could present an opportunity for substantial gains, potentially 70% gain in value. Technical Indicators (Monthly Chart): 1. **Support Level**: - **Current Support Zone**: 150-180. - The stock is retesting this multi-year support, which has previously acted as a strong foundation for price rebounds. 2. **Price Action**: - The recent price action indicates that Rico is approaching its crucial support zone. - A reversal from this zone could signal the end of the downtrend and the beginning of a new uptrend. 3. **Moving Averages**: - **9, 21, 55, and 200-period EMAs**: The stock's price relative to these moving averages would provide further insights, but given the bullish outlook, it is likely positioned favorably or approaching a crossover that indicates a bullish trend. 4. **Supertrend**: - The supertrend indicator is likely green or showing signs of turning green, indicating a favorable trend direction on the monthly chart. 5. **Relative Strength Index (RSI)**: - The RSI on the monthly chart is above 50, indicating positive momentum and bullish sentiment. This suggests that the buying pressure is currently stronger than the selling pressure. 6. **Relative Strength (RS)**: - The RS is above 0, which means Rico is outperforming the market, a bullish indicator that adds confidence to the stock's potential upward movement. 7. **Volume Analysis**: - Increased trading volume during this retest phase would be a positive sign, indicating accumulation by investors at the support level. #### Trading Strategy: 1. **Entry Point**: - Look for a confirmed reversal signal within the 180-198 support zone, such as a bullish candlestick pattern (e.g., hammer, bullish engulfing) or a strong bounce with significant volume. - Entering near the lower end of this range could maximize potential gains and minimize risk. 2. **Stop Loss**: - Place a stop loss just below the 150 support level to protect against downside risk. This ensures that if the support does not hold, potential losses are limited. 3. **Target Levels**: - **First Target**: Based on the 70% up potential, if the stock reverses and sustains, the long-term target could be approximately 350. 4. **Monitoring**: - Continuously monitor the technical indicators and price action to ensure that the bullish thesis remains valid. - Watch for any changes in market conditions or company-specific news that could impact the stock’s performance. Disclaimer: The information provided in this analysis is for informational purposes only and should not be considered as financial advice. Investing in the stock market involves risks, including the loss of principal. Before making any investment decisions, it is recommended to conduct your own research and consult with a licensed financial advisor. The author does not guarantee any specific outcomes and is not responsible for any losses that may occur as a result of investing based on the information provided in this analysis.
NSE:LTFLong
by PnKJ_93