Expect a sideways trend on BankNIFTY this week. Move limited to R1 and S1 on either side of Central weekly Pivot
Larsen will attempt towards 1770, and closing above 1780, will take it towards 1950
The price of the stock L&T (NSE: LT) is has broken out toward all time highs (ATH) on the day time scale. The price retraced toward previous high of 2420 and has exhibited a continuation. Bulls are strong in the ATH zone and buying the breakout is the most logical thing toward risk management level of 2420. Long-term target would be 2.618 Fibonacci extension of 3120.
In NSE:LT Double Top forming Timeframe - 15 minute Date - 12 July 2023 Confirmation Price- Around 2457 It can move till 2417 Disclaimer - This I share just for reference and educational purpose for community. Please do not take trade based on this. For trading or investment please do your analysis.
As Nifty broke above it's ALL-TIME HIGH, Larsens & Turbo (#LT) also broke above its All-time high and looks bullish. Entries can be initiated when price retest 2416 with stop loss below 2372.
Hi guys , as we can clearly see that LT is totally performing very well with its trend line and its the most bottom trend line . Its a infrastucture co. and its business is continuously rising and being protifable . so its a clear buy for a target around 2400 and a stoploss of 2150 altough if it breaks this level then short it for a target of 2050
This is one of my favorite simply because of its fundamentals. Larson and Tourbro is not a new name in NSE. L&T is a market leader in construction and defense. This week it has given a Fibonacci breakout. As one can see from the chart, I have recommended this share since May 21, when it was trading around 1450. This is the stock an Investor should buy and forget....
Make bullish Flag chart pattern in 4 hour time fram , 100 EMA is below 50EMA that is bullish Sign , MACD line saw fair value for bullish way , price is at all time high so first Target will be 2622.90 and Stop loss will be 2273.65 This is for educational purpose not a trading advice so that's my view comment down your view 🤗
Strong trendline support from bottom. As the stock is forming HHs and HLs. So its better to trade on range breakout at the support zone Entry above: 2255-2260 T1: 2300 T2: 2350 T3: 2440 SL: 2200 Safe SL: 2170
nearly a 5% upside from here as the chart here defines the breakout I expect it to be in June but it is just my analysis I can't predict the future so take it with a pinch of salt I may or may not hold any position
On weekly timeframe, we can see evening star which is bearish and along with that RSI is showing bearish divergence also. MACD has also formed bearish crossover. All these signals are showing weakness in L&T. May go down to 2050 if it breaks support which is around 2180 (daily timeframe 100 ema).The content provided is for educational and informational purposes only.
Observations:: -------->> the stock is consolidation for more than a week, and today showing large sell off, and now price is @ demand zones, keep track this levels 2250 or 2200. -------->> We have strong buy ness is observed in these levels, look for buying at these levels.
Price Trading near Multiyear Resistance Zone .... High probability some times LT under perform Nifty
#Stock : #LARSEN & TOUBRO #Chart Time Frame: #Daily #Structure : #Pole & Pennant BO on Daily basis On #Daily Time Frame the Stock has given a good BO of Pole & Pennant yesterday i.e.05-04-2023 So stock looks good for long as per the levels mentioned below: #CMP - 2276.90 or BoD 2200 #Target 1 - 2378 #Target 2 - 2544 #Target 3 - 2710 #SL - 2050 #Holding Time...
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-The Stock seems to lost its bullish momentum with bearish divergences(RSI) in weekly and monthly timeframes. -Prices seems to accumulate at the top with no or negligible bullish movement in last 5 months(No strong bullish explosive candle in last 5 months). -Inverted hammer in monthly with Evening star pattern in weekly indicating that stock may turn its trend to...
On weekly chart of LT it takes support of trend line good support at 2200 ,if it holds then it may take good upside potential
Expecting to hit 2500 levels soon. Breakout confirmed and sustained