L&T Finance (LTF) – quick gains alert
Sep 13, 2024
L&T Finance is in subwave 5 of Wave 3.
Application of Ichimoku cloud shows today’s candle has closed above TS. On the daily chart, the Sep 13 candle closed just above the cloud top.
Price may hit a hurdle around Rs. 182 and go sideways. However, the probability of overcoming this hurdle is high.
Also supporting this view is the fact that the stock is going through subwave 5, which is expected to hit the 100% Fib level.
However, if the daily candle closes below the low of Sep 12, 2024, candle, then we may see downtrend setting in, and it would be the signal to exit the trade.
Share the name of the stock you're interested in, and we'll be more than happy to conduct a thorough analysis for you.
Disclaimer: We are not SEBI registered. The content presented here is based on personal opinions. Conduct your own research and consult with a qualified financial advisor before making any investment decisions.
L&T Finance is in subwave 5 of Wave 3.
Application of Ichimoku cloud shows today’s candle has closed above TS. On the daily chart, the Sep 13 candle closed just above the cloud top.
Price may hit a hurdle around Rs. 182 and go sideways. However, the probability of overcoming this hurdle is high.
Also supporting this view is the fact that the stock is going through subwave 5, which is expected to hit the 100% Fib level.
However, if the daily candle closes below the low of Sep 12, 2024, candle, then we may see downtrend setting in, and it would be the signal to exit the trade.
Share the name of the stock you're interested in, and we'll be more than happy to conduct a thorough analysis for you.
Disclaimer: We are not SEBI registered. The content presented here is based on personal opinions. Conduct your own research and consult with a qualified financial advisor before making any investment decisions.
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