LT after giving a good run from the lows of 1100 in June 2012 to the highs of 1712, is correcting the whole up-move. As per FIBO retrace its near its 50% correction mark and 61.8% mark comes around 1340.
Yearly Values : VAH-1545, POC-1349, VAL-1153
Now coming to the Long term Profile Picture, the yearly POC of LT is around 1349, near to the 61.8% Fibo mark.
Short to Long Term Traders can go for a Long around current level and on DIPS around 1380-1400 level for a minimum target of 1545, and above that can see the highs of 1710, 1870, keeping a SL of 1340 on Closing basis.
Yearly Values : VAH-1545, POC-1349, VAL-1153
Now coming to the Long term Profile Picture, the yearly POC of LT is around 1349, near to the 61.8% Fibo mark.
Short to Long Term Traders can go for a Long around current level and on DIPS around 1380-1400 level for a minimum target of 1545, and above that can see the highs of 1710, 1870, keeping a SL of 1340 on Closing basis.
LT made a high of 1473.40 from lows of 1441, a cool gain of 32.4 points or 2.25%...
ReplyDeleteHope those who bought LT on Dip around 1350-60, are reaping rich dividends...
ReplyDeleteLT making a high of 1508.95, a cool gain of more than 10% from the lows...
ReplyDeleteTrail SL on position now to 1442 on closing basis, with a close above 1508 will propell it towards 1545+
TOTHER CALLS : BOOK FULL PROFIT IN DR REDDY CASH T2 ACHIEVED
ReplyDeleteEquity Tips