Hello All,
Today's Stock Pick : L&T Finance Holdings Ltd.
The Stock is Considered to be a Slow Mover in the Segment. The Name of L&T is enough for growth, but overall the Segment is growth oriented and L&T FH is a safe player in the segment. Growth is seen on Charts and Potential upside will be good.
Let's See the Chart
This is a Weekly Chart, and as we see, We have witnessed a Breakout from falling trend already somewhere in April-May 2016 around 67 levels and the stock has moved to almost 85 levels today.. Nearly 30% growth since the breakout. But the Growth story is not over yet, we are witnessing a foundation for future growth potential.
After the breakout from Falling channel, the stock moved in a smaller rising channel forming a "Flag Pattern" on the chart. Today on 27th July the stock witnessed a Sharp breakout from the Flag Pattern with a 8%+ move in a day.
The FLAG Pattern Breakout targets a Price movement of Nearly 15-20 Rs. and the Target comes around 97 which is previous high and there after -102 - 110 levels, may be more will come, but we will revisit the Charts after our targets are done.
Recommendation ::
BUY AND ACCUMULATE L&T FINANCE HOLDINGS LTD. in the range of 82-84 with a Stoploss of 78 and Take Profits around 97 - 102 -110+
The Risk Reward is good enough to Keep invested... !!
Enjoy Trading, Trade Safe, Trade Wisely !!
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Disclaimer :
The Analyst is a SEBI Certified Investment Adviser and Global Market Expert having Vast experience of Financial Markets in India and Across the Globe. Running Analysis Services and Advisory since Last 6 years for clients across the world in Stock Markets, Forex, and Commodities.
Contact Details ::
This is a Weekly Chart, and as we see, We have witnessed a Breakout from falling trend already somewhere in April-May 2016 around 67 levels and the stock has moved to almost 85 levels today.. Nearly 30% growth since the breakout. But the Growth story is not over yet, we are witnessing a foundation for future growth potential.
After the breakout from Falling channel, the stock moved in a smaller rising channel forming a "Flag Pattern" on the chart. Today on 27th July the stock witnessed a Sharp breakout from the Flag Pattern with a 8%+ move in a day.
The FLAG Pattern Breakout targets a Price movement of Nearly 15-20 Rs. and the Target comes around 97 which is previous high and there after -102 - 110 levels, may be more will come, but we will revisit the Charts after our targets are done.
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Recommendation ::
BUY AND ACCUMULATE L&T FINANCE HOLDINGS LTD. in the range of 82-84 with a Stoploss of 78 and Take Profits around 97 - 102 -110+
The Risk Reward is good enough to Keep invested... !!
These are all Technical Views which are based on Daily Charts, indicating any price movement towards the Targets will take time and it is not expected to move in a Single day. So Do not enter with speculative bets in the trade. These recommendations are purely for Investment purpose.
Follow Strict Risk Management Before Entering the Trades and Consult your Investment Adviser for guidelines. "Do not jump in the trade" without considering the risk.
Enjoy Trading, Trade Safe, Trade Wisely !!
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Disclaimer :
The Analyst May or May not have trading positions or Investments in suggested Instrument, The Trade is Long Term and the Analyst may recommend the trade to his clients time to time for short term trading. short term reversal trades May be advised in this duration and it will be according to the charts.
The Analyst is a SEBI Certified Investment Adviser and Global Market Expert having Vast experience of Financial Markets in India and Across the Globe. Running Analysis Services and Advisory since Last 6 years for clients across the world in Stock Markets, Forex, and Commodities.
Contact Details ::
WhatsApp & Telegram +91 8275 298 208 / Email : 4x.magician@gmail.com
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