Larsen & Toubro
Today in LT time & price met each other (Chart No.1). Now a close above 1385 will take LT to new highs. A long trade can be initiated @ 1390 with stop-loss @ 1380 (Closing basis) for the targets of 1430, 1460, 1508, 1540. Also there is a +ve Wolfe wave for which the target is 1460. There is +ve divergence with RSI and MACD marked with red line in (Chart No.2) which is showing strong upward momentum.
Chart No.1
Chart No.2 showing +ve Wolfe Wave (60 minute Chart)
Today in LT time & price met each other (Chart No.1). Now a close above 1385 will take LT to new highs. A long trade can be initiated @ 1390 with stop-loss @ 1380 (Closing basis) for the targets of 1430, 1460, 1508, 1540. Also there is a +ve Wolfe wave for which the target is 1460. There is +ve divergence with RSI and MACD marked with red line in (Chart No.2) which is showing strong upward momentum.
Chart No.1
Chart No.2 showing +ve Wolfe Wave (60 minute Chart)
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