L&T Technical Analysis suggests that the stock has formed a double top or M pattern on the daily chart. There is also a gap around 1400 that needs to be filled. The key support levels are around 1420 and 1240. From the last 6 years, the stock is trading in a channel. The best strategy is to buy near the bottom of the channel and short near the top of the channel. The Fibonacci Retracement suggest 100% retracement based on the historical data. It means that the stock can trade near 1220. Based on
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L&T Technical Analysis suggests that the stock has formed a double top or M pattern on the daily chart. There is also a gap around 1400 that needs to be filled. The key support levels
Nitin Bhatia. . L&T Technical Analysis suggests that the stock has formed a double top or M pattern on the daily chart. There is also a gap around 1400 that needs to be filled. The key support levels are around 1420 and 1240. From the last 6 years, the stock is trading in a channel. The best strategy is to buy near the bottom of the channel and ...
224 viewsJul 9, 2019
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