Monday, October 31, 2016

Larsen

L & T

A wolf wave in making...

On daily chart its in consolidation mode for more upside,

but it needs to come down first,

Trading a Wolf wave in formation.

Wave-4 already done at 1521 looks like & wave-5 may bring it down till 1400 below levels.

keeping a sl above recent high of 1521 on Hourly closing basis.

A good risk reward trade setup.