vnagaraj0803

LT - Channel Breakout & Retest

Long
NSE:LT   LARSEN & TOUBRO
L&T looks extremely bullish based on the below observations:
1. Broke the 20 EMA resistance with a Big Green candle forming a bullish engulfing pattern.
2. Channel Breakout and re-test done
3. Good volume compared to the last 7 days

Targets & SL are as mentioned on the Chart.

This is for educational Purpose only.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.