LARSEN & TOUBRO LT Elliott Wave technical analysis [Video]
LARSEN & TOUBRO Elliott Wave technical analysis
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Function: Bullish Trend.
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Mode: Impulsive.
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Structure: Navy blue wave 1.
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Position: Gray wave 1.
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Direction next lower degrees: Navy blue wave 2.
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Details: Orange wave 4 appears completed; navy blue wave 1 of gray wave 1 is now active.
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Wave cancel invalid level: 2969.
The daily chart of LARSEN & TOUBRO reflects a developing bullish trend based on an impulsive Elliott Wave pattern. The stock has concluded its orange wave 4 correction and moved into navy blue wave 1, which is part of a larger gray wave 1 formation. This early stage of a new impulse wave hints at the potential for an upward move with building momentum in the sessions…
