Larsen & Toubro Limited
Long
Atualizado

FLAG FORMATION (Price at Fibo 23.6 level and 9 day EMA Support)

514
Positional Idea : LT has formed a flag on daily charts and price is taking support at Fibo 23.6 level and 9 day EMA, close above 1148 will confirm flag breakout, safe entry above 1177, post breakout flag target is 270 points.
Views for learning purpose only.
Nota
Post close above 1148 price has already given approximately 8% move can hold for the flag target with close below 9 Day ema as a trailing stoploss

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