L&T Finance - Strong Support Zone Swing Trade Setup
L&T Finance has reached a key support zone around the 140-145 range, which has been tested several times in the past (indicated by the blue arrows). This zone has consistently held up, with strong rebounds, signaling significant buying interest.
Support Zone: 140-145 range
Current Price: 150.40
Entry Strategy: I’ll be watching for a bullish or green daily candle forming near the support zone. Once that candle is established, I’ll look for a 15-minute candle to break above the high of the daily candle. Once that happens, the entry will be confirmed.
If the support holds and we get a bullish daily candle, followed by a 15-minute breakout, this could be a strong setup for a reversal. The volume spike seen here also adds confidence that buyers may be stepping back in at these levels.
Disclaimer: This post is for educational purposes only and not financial advice. Always do your own research and manage your risk responsibly.
Support Zone: 140-145 range
Current Price: 150.40
Entry Strategy: I’ll be watching for a bullish or green daily candle forming near the support zone. Once that candle is established, I’ll look for a 15-minute candle to break above the high of the daily candle. Once that happens, the entry will be confirmed.
If the support holds and we get a bullish daily candle, followed by a 15-minute breakout, this could be a strong setup for a reversal. The volume spike seen here also adds confidence that buyers may be stepping back in at these levels.
Disclaimer: This post is for educational purposes only and not financial advice. Always do your own research and manage your risk responsibly.
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