Larsen and Tubro
LT has formed double bottom at 698. Double bottom are strong reversal pattern,validation will come when 698 is not broken for next 2 days. Any close below 698 will see the stock correcting till 665 odd levels. Holding 698 can see LT bounceback till 754 odd levels.
Buy above 715 Tgt 726,737,747 SL 710
Sell below 697 Tgt 688,678 and 665 SL 704
Buy above 238 Tgt 241,246 and 249 SL 236
Sell below 233 Tgt 228,225 and 220 SL 235
Buy above 178 Tgt 182,185 and 188 SL 176.5
Sell below 169 Tgt 165,162 and 157 SL 171
Stock Performance Sheet for the Month of June is Updated @http://tradingsystemperformance.blogspot.in/ Net Profit for the month of Aug is 1.26 Lakh
- All prices relate to the NSE Spot
- Calls are based on the previous trading day’s price activity.
- The call is valid for the next trading session only unless otherwise mentioned.
- Stop-loss levels are given so that there is a level below/above, which the market will tell us that the call has gone wrong. Stop-loss is an essential risk control mechanism; it should always be there.
- Book, at least, part profits when the prices reach their targets; if you continue to hold on to positions then use trailing stops to lock in your profits.
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