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

LARSEN & TOUBRONSE

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⋅ 2021年12月31日午後3時37分

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.

トレード稼働中

⋅ 2022年1月13日午前4時19分

Short term target of 1984 achieved.

Bhanu1986

⋅ 2022年1月2日午後1時2分

On what parameters you decide the long-term targets.

TheUnlearningOne

⋅ 2022年1月2日午後3時14分

@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

⋅ 2022年1月2日午後2時23分

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.

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