Friday, May 7, 2010

L&T: HnS, support at 1400


I am late in posting this chart, it is already in structure. LT has made an HnS. The current price of LT is 1526, the HnS target is 1432. However, it can reach 1400, where due to previous support bounce is expected.

Longer term chart of LT.

 Bull case:

On the other hand, if LT goes above and 1700, then this wil be a GAINT FLAG Breakout, in fact that will take the stock to MOON. I mean, all target etc will be points, it will be in Orbit. Watch out for that. On downside, the above targets are in place.
These studies are based on technical analysis and the author nor the webpage shall be responsible for the profits or losses. The author may or may not have personal holding. We are all students

No comments: