tradewidmufeeth

L&T Short Term Breakout Trade

Panjang
NSE:LT   LARSEN & TOUBRO
The stock has broken out and took support at the previously upper trendline. Trade is supported by brokerage calls, 200 EMA, and Supports Nearby.
The stock has previously broken out with good volumes and retested the upper trendline, the point of entry.
Risk Reward Ratio - 1:1.
SL is placed below multiple major support zones, 200 EMA, and previously upper & lower Trendlines. Target is placed near the all-time high based on fundamentals.


Penafian

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