dineshsarann

L&T cup and handle breakout pattern and ↗️➡️↗️ possibility

Long
NSE:LT   LARSEN & TOUBRO
Dear traders,
Friends I came with a classical cup and handle breakout pattern.
Along with this idea we saw that there was a impulse before this consolidation (presently) . So we can guess a impulse in future.
The stock has already give the breakout and this is the time to play a buy move.
We expect a bullish movement for long term.


I setup a take profit and stop loss but I want to suggest in this trade that the trailing Stop loss strategy is the best 👍.

🧐➡️ After breakout there is a slow movement because of the overbought condition.
We can see the overbought condition by the RSI indicator.

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