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Larsen and Toubro |
nj976
White Belt
Joined: 26 Apr 2013
Posts: 17
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Post: #1  Posted: Sun Mar 16, 2014 10:40 am Post subject: Larsen and Toubro |
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I would appreciate and welcome your views on L&T stock at current levels.
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| I think the stock will correct from the current level and will retrace to 1150 |
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nj976
White Belt
Joined: 26 Apr 2013
Posts: 17
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| Post: #2 Posted: Sun Mar 16, 2014 11:34 am Post subject: Support and Resistance |
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| The stock is holding a strong resistance at 1256.70 and a support one is at 1224, if anyone is breached first then we can see 5-7 percent move in any one of the direction.
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nj976
White Belt
Joined: 26 Apr 2013
Posts: 17
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| Post: #3 Posted: Mon Mar 17, 2014 4:19 pm Post subject: Unfilled Gaps on L&T Daily chart |
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What do you think about it?
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gopal_1438
White Belt
Joined: 24 Feb 2013
Posts: 223
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| Post: #4 Posted: Mon Mar 17, 2014 10:25 pm Post subject: |
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Have a look
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hemant.icharts
Site Admin
Joined: 10 May 2011
Posts: 334
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| Post: #5 Posted: Tue Mar 18, 2014 8:49 am Post subject: Re: Unfilled Gaps on L&T Daily chart |
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Dear Member,
Please abide rules and regulations of forum. Do not post charts with external links or references on the chart.
Regards
Hemant @ iCharts.
| nj976 wrote: | What do you think about it?
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nj976
White Belt
Joined: 26 Apr 2013
Posts: 17
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| Post: #6 Posted: Tue Mar 18, 2014 12:44 pm Post subject: Regarding icharts |
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| I would appreciate if you could let me know how to save charts on icharts.in so that I can upload charts from icharts and not any other resources.
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nj976
White Belt
Joined: 26 Apr 2013
Posts: 17
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| Post: #7 Posted: Tue Mar 18, 2014 7:04 pm Post subject: Sell L&T |
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| I would recommend a SELL call on L&T for this week. Sell L&T at CMP (1240-45) for the target of 1150, and stop loss of 1269.
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #8 Posted: Tue Mar 18, 2014 7:23 pm Post subject: |
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| AM Naik has sold 1.5 lakh shares of L T. In past 4-5 days....news.
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rsrs
White Belt
Joined: 22 Oct 2010
Posts: 22
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| Post: #9 Posted: Tue Mar 18, 2014 7:36 pm Post subject: |
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| amitagg wrote: | | AM Naik has sold 1.5 lakh shares of L T. In past 4-5 days....news. |
He still has 2.2 million shares.
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nj976
White Belt
Joined: 26 Apr 2013
Posts: 17
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| Post: #10 Posted: Tue Mar 18, 2014 10:49 pm Post subject: Adding more puts |
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| Now, after knowing about this great news, I would recommend to sell either 1250 calls for this month or add more puts for this week. This stock is going down in this unexepted and highly volatile market.
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nj976
White Belt
Joined: 26 Apr 2013
Posts: 17
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| Post: #11 Posted: Tue Mar 18, 2014 10:50 pm Post subject: Adding more puts |
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| Now, after knowing about this great news, I would recommend to sell either 1250 calls for this month or add more puts for this week. This stock is going down in this unexepted and highly volatile market.
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mikky
Green Belt
Joined: 16 Feb 2014
Posts: 1442
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| Post: #12 Posted: Wed Mar 19, 2014 12:21 am Post subject: |
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| Just a view, if LT cross 1263 then it will go to 1293 in no time...
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nj976
White Belt
Joined: 26 Apr 2013
Posts: 17
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| Post: #13 Posted: Wed Mar 19, 2014 7:21 pm Post subject: |
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| mikky wrote: | | Just a view, if LT cross 1263 then it will go to 1293 in no time... |
Yes, it might go further to the target only if it crosses 1263. But looking at the current scenario, where market and the stock both are standing at overbought area, it is highly difficult to achieve that target. Downside can be looked from here on until something unexceptional happens
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rsrs
White Belt
Joined: 22 Oct 2010
Posts: 22
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| Post: #14 Posted: Wed Mar 19, 2014 9:39 pm Post subject: |
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I know you are already short.
I think, trend traders won't be short yet.
If someone is long in LT, what according to you should be the SL?
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mikky
Green Belt
Joined: 16 Feb 2014
Posts: 1442
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| Post: #15 Posted: Wed Mar 19, 2014 10:42 pm Post subject: |
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| Stop Loss for L&T could 1239-1225-1217(spot level)
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