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

L&T - 4th September 2016

Discussion in 'Chart of the Week' started by shabbir, Sep 4, 2016.

Tags:
  1. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,702
    Likes Received:
    1,940
    Chart of the week is L&T which has formed a very strong support at around 1400 Levels.

    LT-Daily.png
    Free charts by TradingView

    So if you want to trade, buy L&T with a stop of 1400 and if you are investor, the closer you buy from your support levels, the better.
     
    som671, nirajshah and mjvaghela like this.
  2. nirajshah

    nirajshah Champion

    Joined:
    Aug 17, 2016
    Messages:
    546
    Likes Received:
    302
  3. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,702
    Likes Received:
    1,940
    I want to be doing tax savings, have lot of stocks for investment as well as seeing lot of lucrative opportunities in my old investments as well.

    Still my verdict is NO in L&T as of now but you never know.
     
    nirajshah likes this.
  4. Suresh_Sinha

    Suresh_Sinha Active Member

    Joined:
    May 1, 2012
    Messages:
    209
    Likes Received:
    30
    Thanks for sharing this chart @shabbir
     
    shabbir likes this.
  5. kedytapa

    kedytapa New Member

    Joined:
    Sep 6, 2016
    Messages:
    2
    Likes Received:
    0
    Thanks for sharing this chart @shabbir

    assuming you are a short term trader, what would be target be fot L&T?

    Regards,
    Gautam
     
  6. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,702
    Likes Received:
    1,940
    Target already achieved because first target was 1520 and buy was around 1440 with SL of 1400. 40 Rs as SL and 80 Rs as target
     
    nirajshah likes this.