Showing posts with label Larsen & Toubro technical analysis. Show all posts
Showing posts with label Larsen & Toubro technical analysis. Show all posts

Thursday, December 19, 2013

Success story Larsen & Toubro trade.

There are bad times and good times for a trader. Recently at tradingkamai.com we have executed some awesome profitable trades and one of them is Larsen and turbo.  On the basis of 3 great signal (strong trend line , decreasing volumes and candlestick ) confirmation we had entered in to LNT at @ 1062. You can read more about this analysis from this link 3 Great Trading signals in LT(Larsen & Toubro) .

Yesterday  i.e.
18th  December 2013 we booked profit @ 1095 on.
Following is the snapshot earlier this week taken from our trade sheet which shows exact amount of trade after deducting trading norms and at the end to the right hand side we have figure of profit we earned: -
Kudos to our call department which is headed by Mr Kiran and to the execution department i.e. Lalitha and Ajay. In case you want to discuss about this trade do call us on 022-66752917.

Said and done this stock is now clearly in an uptrend and the trend line is very significant. Long term investors can just hang on for a longer time and short term traders like us can follow the trend line for taking trade positions.

We do not believe in giving calls to any one, we trade with our own money. But we would like to share knowledge what we have learnt. 
So if you are interested do buy our course learn trading step by step. You can see a sample video of the same from here http://www.youtube.com/watch?v=TAVFB9e7LME


Please read our disclaimers before investing http://tradingkamai.blogspot.in/p/disclaimer.html


Monday, December 16, 2013

3 Great Trading signals in LT(Larsen & Toubro) Technical analysis training.(16 December, 2013)

This call was given at 2pm on 16th december,2013.

For the past 5 days market has been moving in a downward direction, surrounded by forth coming news like WPI, FED Tapering, Inflation figures, FOMC Meeting and so on. Also adding to the fire elections is adding oil to it.

In such kind of scenarios to give a technical positive(upward movement) call is extremely difficult. When we train our students in our technical analysis course( click here to know more) and booked profit @ 1200 on Monday 09th December 2013.

We clearly advice our students to move with the trend of nifty/sensex. But then there are exceptions and LT is one such exception.

There are three great technical indicators which are indicating buy calls in LT.

Indicator no.1- the stock is trending near a VERY VERY significant and strong trendline. Below is the snapshot from our ODIN Trading Terminal. it has tested four times this trendline and today for the fifth time it is near by. 

Indicator no.2-
This stock was down for the past four days but the VOLUMES ARE DECREASING GRADUALLY. A decreasing volume in a downtrend indicates that sellers are decreasing and buyers are increasing. In other words any moment the stock can turn back.


Indiactor no.3 - If you read indicator no.2 we said that the stock can turn back any moment. But when is this any moment? - when we get a candlestick confirmation. If you see todays and yesterday trade there is a inverted hammer and a confirmation. Below is the image from the ODIN Trading Terminal. 


We expect the target of 1140, stoploss 1040 and you can enter the trade at 1060. Please note we are entering the trade early so keep extremely strict stoploss. There is no duration for this call like 1 day or 1 month, we either hit our target or we either exit with stoploss.


Please Note This confirmation signal taken at 12 afternoon, 16,December 2013. So it is possible that the confirmation candle can change and making this trading call null and void. We at trading kamai.com believe in entering the calls in a early stages. That means high risk is also attached to it. 

If you want to learn technical analysis you can start with this video http://www.youtube.com/watch?v=TAVFB9e7LME

Please read our disclaimers before investing http://tradingkamai.blogspot.in/p/disclaimer.html



Saturday, September 28, 2013

Is Larsen & Toubro Ltd ready for a short term uptrend (Decreasing volumes and Bullish buying)?

The last 7 trading sessions of Larsen & Toubro has shown awesome signs for short term up move.  There are two great trading signs , below are more details for the same:-
  •  In a down trend the volumes are decreasing. Decreasing volumes in a down trend is a sign that there are less number of people willing to sell the stock in a less rate. In other words less sellers and more buyers.
  • When it started moving sideways we see more volumes in green candles and less volumes in red candles . Look at the last Friday’s volumes it’s almost less than half of the previous green candles. This is a clear sign that people are more bullish than bearish.


So looking at above two points below is our trade position


Stop loss  :- 800 ( Strict Strict Strict Strict Stop loss)
Target 880
Happy trading.

See syllabus for Technical analysis training in Mumbai,India.

Please read our disclaimers before investing http://tradingkamai.blogspot.in/p/disclaimer.html




Monday, September 9, 2013

Larsen & Toubro 06-09-2013(Technical Analysis)

Last week Nifty Future not only recovered but also closed near 5700 as we expected to possible move in Nifty Future, please do read our previous blog on Nifty Future for more information.

Most of the stocks rallied quite sharply, but there are some of stocks which shown reversal in trend but yet to rally or we can say these stocks still have potential to rally to much higher level in coming days.

One of these stock is LT, we feel it will move more higher levels in coming few days, below is technical view on LT.

 When LT broken down its long term support level 872 on 24th July 2013, this stock fell sharply as we can see in below figure of technical daily chart of LT, we have drawn a support trendline for more clear view.


When LT moved downward till 700 odd level, it has fell in trend & we can see a down trendline in above figure to get more clear & confirmed down trend of LT. But what happened now is LT is showing some bull signs or we can say a long setup is clearly seeing in LT from recent few days.

One important point is LT has broken out from a down trendline from last 2 trading days which is a sign of change in trend; it can be a reversal in trend for LT in coming few days & for that we need to look into others indicator which explain below.

1. DOJI- A inside Doji with higher volumes, when LT down by 4.6% on 3rd Sep 2013, volume wasn’t much. In fact when LT has a inside Doji, volumes is much higher than its previous day. In figure, red volumes is for negative movement & green volumes is for positive movement of stock. It clearly showing form last few days green volumes bar is more that red volumes bar. It is confirming a bottom formation in LT as we guess.


2. RSI- 14 days RSI is also strengthening day by day and it also forming higher peaks & higher bottoms. It is showing divergence with price which is a bull sign.


3. ADX- A plus directional indicator (+DI) keeps on increasing from last few days, and ADX(Avg. Directional Index) is coming down, it has tested 38 level when LT was falling. Now ADX is 34 and we have to look if +DI will cross ADX or not for next positive rally for LT.


These are reasons why we bullish on LT  for  short to medium term.
Target is 870 & stop loss is 720 on closing basis.

See syllabus for Technical analysis training in Mumbai,India.

Please read our disclaimers before investing http://tradingkamai.blogspot.in/p/disclaimer.html