LT stock has given a break out and has crossed 61.8% fibonnaci level on the daily time frame.
The stock was trading around its 20 DMA and consolidated for 10-12 days in a narrow range.
In the last trading session, the stock has given a 2% up move with nice volumes.
The stock has formed a nice price action pattern.
3 points confirmation.
1. Break out of the consolidation.
2. Retest of 20 DMA.
3. Closing above 61.8% fibonnaci levels.
The stock has given a nice up move and the move can continue once the stock crossing 1950.
Target :- 1978-85, 2045
Stop loss :- 1930
Intraday and swing trades can be carried in the stock.
Wait for the price action near the price level before entering the trade.
The stock was trading around its 20 DMA and consolidated for 10-12 days in a narrow range.
In the last trading session, the stock has given a 2% up move with nice volumes.
The stock has formed a nice price action pattern.
3 points confirmation.
1. Break out of the consolidation.
2. Retest of 20 DMA.
3. Closing above 61.8% fibonnaci levels.
The stock has given a nice up move and the move can continue once the stock crossing 1950.
Target :- 1978-85, 2045
Stop loss :- 1930
Intraday and swing trades can be carried in the stock.
Wait for the price action near the price level before entering the trade.
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Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.