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NeeteshJain

LT - Big Big Big Cracking, Breaking out Rectangle Consolidation

Short
LARSEN & TOUBRO (NSE:LT)  
NeeteshJain  
NSE:LT   LARSEN & TOUBRO
breakouttrading Rectangle
2
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breakouttrading rectangle
The price action is been ranging from 1516-1460, about range of 60 points for a while and now I could see a cracking or breaking of it that indicates weakness and bearishness. I would suggest to short for now with a stop loss at 1485. Target: 1400

Idées en relation

NeeteshJain
RCOM - Wave 3 in Progress After Completing ABC Flat Pattern
NeeteshJain
HDFC - Ranging Out from Ascending Triangle
NeeteshJain
Just Dial - Breaks out Downward Trendline (Buy).
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