LT share one hour chart analysis
Larsen tubro share current time move 5th wave . 2 or 4 wave vertical trend line very importanat this trendline break . Upside 5 th complete and price again come correction
Larsen tubro share current time move 5th wave . 2 or 4 wave vertical trend line very importanat this trendline break . Upside 5 th complete and price again come correction
NSE:LT
Pattern details:
Up-trend before forming Cup with handle pattern
Cup with ~8% correction and length of cup 22 bars (31 days)
Handle length is 8 bars (13 days) and ~3% correction.
BO Volumes are good
Disc - invested, for educational purposes only
This is one of my favorites. I am recommending this stock since 1450 and continuously buying at each breakouts. Recently I recommended it when it was trading around 2450. Now again its a good level to enter or average your stock (always at higher price). As recommended earlier, 30/6/23, stock is ready to hit 3500 levels.
T -3500
Sl - 3045
Stock Name - Larsen & Toubro Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 3200
#This is not Buy and Sell recommendation to any one. This is for...
A strong bullishness is observed from this stock from 3040 levels...if this is an exhaustion or initiation.
Previously a strong fall is observed from the levels 3120 levels...
now its again at resistance zone...if this move is initiated by buyers again this will break the resistance soon...if this is an exhaustion of buyers it will breaks the support at 3040.wait...
These are swing ideas which you can add your watchlist and analysis for yourself !
Keep on your radar!
This content only education purpose!
❗I am not sebi ragister❗
After the consolidation. L& T price has got a chance to prove to break new high to reach the next Resistance levels.
My previous idea still runs but to research purpose
As I promised to my followers I will be back in this L& T idea
Buy @ CMP (2719)
Stoploss - 2682
Target - i - 2774
ii- 2869
iii - 3117
I will update with next...
On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early...
LT for SHORT
This is only for information. we are not a Sebi registerd.
take it your own risk
we are here only for share my idea only.
we are not advicefor Spoon trading
this week it will show selling pressure
till 2766 selling pressure
its weekly shooting star candle
The Shooting Star Candlestick occurs when the opening price for a security is higher than the closing price and the positive fluctuation (the highest price for that day) is greater than twice the difference between the opening and closing figures. The lowest...
