Larsen & Toubro (LT): Breakout on a daily chart לונג

LARSEN & TOUBRONSE

תיאור

⋅ 31 דצמ׳ 2021 15:37

LT looks set for a breakout, identified with a cup and handle formation- with the ideal buying range between 1900 and 1920.

Short term target of 1984 and long term target of 2230.

Always keep a stop loss at 5-8 percent.

Note: Not a buy or sell recommendation, but a personal analysis for educational purpose.

עסקה פעילה

⋅ 13 ינו׳ 2022 04:19

Short term target of 1984 achieved.

תגובות

Bhanu1986

⋅ 2 ינו׳ 2022 13:02

On what parameters you decide the long-term targets.

TheUnlearningOne

⋅ 2 ינו׳ 2022 15:14

@Bhanu1986, Simple price action, the difference between the top and the base of a triangle can be used to arrive at a level, using the top as a new base. U can also use Fibonacci to arrive at the target and retracement level, but I prefer to use this.

TheUnlearningOne

⋅ 2 ינו׳ 2022 14:23

Simple price action, the difference between the top and the base of a triangle can be used to arrive at a level, using the top as a new base. U can also use Fibonacci to arrive at the target and retracement level, but I prefer to use this.

עוד