LARSEN & TOUBRO LTD.Short
LT Impulse down Wave 5, Pain Still Left
Larson & Toubro about to start Downward 5th Impulse wave which will be truncated.
Stock did retraced 0.382 fib from march lows and looks to have completed Tripple Three Wave at 1025.
Case 1: Upside looks limited as have made Three black crows and move towards 980-1000 is ideal short entry with SL 1025 or 1040. Then going towards 890, 860, 840, 692.
Not expecting to go below march low 661
Case 2: Moves up and touches 1025 then wave count from march low is WRONG.
Disclaimer: For information purpose only, plotted values may differ in actual movement. Not to be used for FnO trades. This investment may not be suitable for all investors or analysis can be wrong so ask your financial advisor before investing/trading.
Stock did retraced 0.382 fib from march lows and looks to have completed Tripple Three Wave at 1025.
Case 1: Upside looks limited as have made Three black crows and move towards 980-1000 is ideal short entry with SL 1025 or 1040. Then going towards 890, 860, 840, 692.
Not expecting to go below march low 661
Case 2: Moves up and touches 1025 then wave count from march low is WRONG.
Disclaimer: For information purpose only, plotted values may differ in actual movement. Not to be used for FnO trades. This investment may not be suitable for all investors or analysis can be wrong so ask your financial advisor before investing/trading.
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