📈 L&T FINANCE LTD. | Resistance Breakout Retest | Bullish Continuation Setup
L&T Finance has successfully broken above a major resistance zone and is now retesting the breakout level, a classic price action behavior that often strengthens the probability of trend continuation.
After a strong impulsive rally, the stock has pulled back toward the previous resistance, which is now acting as potential support. If buyers defend this zone, the next bullish leg could begin with increasing momentum.
🔍 Technical Highlights:
• Major Resistance Breakout
• Successful Breakout Retest in Progress
• Previous Resistance Turning Into Support
• Strong Bullish Market Structure
• Healthy Pullback After Impulsive Move
• Trend Continuation Setup
🎯 Upper Side Possible Targets:
✅ Target 1: ₹337
✅ Target 2: ₹400
As long as the price holds above the breakout zone around ₹300, the overall bullish structure remains intact. A strong bullish confirmation candle from this support area could provide a high-probability buying opportunity with a favorable risk-reward ratio.
📊 Market Psychology:
The breakout attracted momentum buyers, while the current pullback appears to be profit booking rather than trend weakness. If demand returns near the breakout level, buyers could regain control and push the stock toward the projected upside targets.
💬 Do you think L&T Finance will bounce from this breakout retest and continue its rally toward ₹337 and ₹400? Share your technical view below.
⚠️ Disclaimer:
This analysis is for educational purposes only and should not be considered financial advice. Always perform your own research and follow proper risk management before taking any trade.
L&T Finance has successfully broken above a major resistance zone and is now retesting the breakout level, a classic price action behavior that often strengthens the probability of trend continuation.
After a strong impulsive rally, the stock has pulled back toward the previous resistance, which is now acting as potential support. If buyers defend this zone, the next bullish leg could begin with increasing momentum.
🔍 Technical Highlights:
• Major Resistance Breakout
• Successful Breakout Retest in Progress
• Previous Resistance Turning Into Support
• Strong Bullish Market Structure
• Healthy Pullback After Impulsive Move
• Trend Continuation Setup
🎯 Upper Side Possible Targets:
✅ Target 1: ₹337
✅ Target 2: ₹400
As long as the price holds above the breakout zone around ₹300, the overall bullish structure remains intact. A strong bullish confirmation candle from this support area could provide a high-probability buying opportunity with a favorable risk-reward ratio.
📊 Market Psychology:
The breakout attracted momentum buyers, while the current pullback appears to be profit booking rather than trend weakness. If demand returns near the breakout level, buyers could regain control and push the stock toward the projected upside targets.
💬 Do you think L&T Finance will bounce from this breakout retest and continue its rally toward ₹337 and ₹400? Share your technical view below.
⚠️ Disclaimer:
This analysis is for educational purposes only and should not be considered financial advice. Always perform your own research and follow proper risk management before taking any trade.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.