SELL : LT25NOV25FUT( LT ) [48874]

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Stock/Recommendation Name: LT25NOV25FUT (Larsen & Toubro Futures) [48874]
Call Type: SELL
Entry Range: ₹3915
Stop Loss: ₹3945
Target 1: ₹3885
Target 2: ₹3855
Duration: BTST/STBT
Upside Potential: 30

Technical Rationale — LT25NOV25FUT (Larsen & Toubro Futures)

View: Bearish | STBT/BTST Setup

Chart and Price Action Analysis:
LT Futures has shown a breakdown from a short-term rising wedge pattern on the hourly chart, signaling exhaustion in the recent uptrend near ₹3940–₹3950 levels.
Price has closed below the 20-EMA (Hourly) and failed to sustain above the previous swing high at ₹3938, indicating weak momentum.
A series of lower highs on the intraday chart further confirms distribution at higher zones, hinting at short-term bearish sentiment.

Momentum Indicators:
The RSI (14) has turned down from the overbought zone (above 70) and is now trading around 44, showing loss of bullish strength.
The MACD has given a bearish crossover on the 30-min timeframe with increasing histogram divergence, supporting downside continuation.
The volume profile shows strong supply around ₹3935–₹3945 zone, with declining volumes on minor pullbacks — indicating sellers are active at resistance.

Trend Structure:
LT has broken below its short-term trendline support at ₹3920, turning the near-term structure from higher-highs to lower-highs and lower-lows.
The VWAP for the day lies near ₹3928 — price trading below VWAP reinforces short bias.
Pivot point analysis: S1 and S2 levels are placed near ₹3885 and ₹3855 respectively — aligning perfectly with target zones.

Trade Setup Summary:

Conclusion:
The short-term setup in LT indicates weakness as price rejects from key resistance zones with momentum loss and trend breakdown confirmation. A move below ₹3900 could accelerate selling pressure toward ₹3855 in the near term.
Hence, initiating a SELL position around ₹3915 with stop-loss at ₹3945 is technically justified with a favorable risk–reward profile.

RA Name: Manjushri Sharma

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