L&T Finance Holding Bullish Reversal Pattern
- Madan Gopal
- Nov 28, 2019
- 1 min read

L&T Financial Holding:- This stock has been in the down trend for almost 2 years and forming Lower High and Lower Low structure. Recently it has formed Inverted Head and Shoulder Pattern on daily chart. The breakout is on the way if the stock successful closes above the neckline today. The volumes are also high. Indicator Analysis *Price is above the 100 EMA and taking support at 20 EMA on daily chart. *MACD is showing the bullish crossover above the 0 level showing the strength in the momentum in the stock *RSI at 69 showing the strength It may rise up to 155 level in short term. SL will be Low of right shoulder.
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