1. DIYTechnicalAnalysis is a private community of traders and investors interested in building wealth from Indian equity market. You can become a member with a one time registration fee of ₹199. Click here to become a member

Larsen & Toubro Ltd

Discussion in 'Technical Analysis' started by siva934127, Jul 11, 2013.

  1. siva934127

    siva934127 Member

    Joined:
    Nov 7, 2012
    Messages:
    195
    Likes Received:
    10
    Hi Shabbir,

    Please let me know if you know the reason, Why L&T share gone down almost 32% today. Generally we see this kind of falls and ups in Futures &Options only.

    Does this kind of huge falls and ups (in Shares) happen in single day?

    Please let me know how to trade in this situtaion?

    Thanks,
    Siva.
     
    siva934127, Jul 11, 2013
    Share #1
  2. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,703
    Likes Received:
    1,940
    I see this stock up by 1.5+% in nseindia
     
    shabbir, Jul 12, 2013
    Share #2
  3. bharatdadlani

    bharatdadlani New Member

    Joined:
    May 3, 2012
    Messages:
    17
    Likes Received:
    3
    Hi,

    Stock got split on 11th July 3:2, that's why on the day it was showing down.
    I missed sold the day before:(
     
    bharatdadlani, Jul 13, 2013
    Share #3
    shabbir likes this.
  4. csnatu

    csnatu New Member

    Joined:
    May 2, 2012
    Messages:
    26
    Likes Received:
    1
    Now it has crossed the resistance 900. Is it time to buy with target 1000?
     
    csnatu, Oct 21, 2013
    Share #4
  5. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,703
    Likes Received:
    1,940
    Yes I would but with a strict stop loss.
     
    shabbir, Oct 21, 2013
    Share #5
  6. sanjay_sansanwal

    sanjay_sansanwal Contributor

    Joined:
    Jun 17, 2012
    Messages:
    1,282
    Likes Received:
    140
    Occupation:
    Not Important
    By chart u can easily find what should be strict stop for Lt and what should be target about 1000, you r absolutely right but for me above 1040 it will be again in bull run.
     

    Attached Files:

    sanjay_sansanwal, Oct 22, 2013
    Share #6
  7. verenmitter2001

    verenmitter2001 Member

    Joined:
    Sep 22, 2012
    Messages:
    354
    Likes Received:
    12
    Occupation:
    IT, Education & Ex-Army officer
    Hi all
    LT made a pin bar yesterday near its support of 1040
    Good time to enter??

    Please share your views

    Regards
    Veren
     
    verenmitter2001, Dec 14, 2013
    Share #7
  8. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,703
    Likes Received:
    1,940
    Pin bar will be confirmed after one more trading session but I will wait for couple.

    Also 1030 is an intermediate support as well.
     
    shabbir, Dec 14, 2013
    Share #8
  9. verenmitter2001

    verenmitter2001 Member

    Joined:
    Sep 22, 2012
    Messages:
    354
    Likes Received:
    12
    Occupation:
    IT, Education & Ex-Army officer
    Hi shabbir
    how is intermediate support is read on chart?
    I mean what time frame or what kind of chart should one refer for it.

    Regards
    Veren
     
    verenmitter2001, Dec 14, 2013
    Share #9
  10. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,703
    Likes Received:
    1,940
    Daily
     
    shabbir, Dec 14, 2013
    Share #10