Is Larsen & Toubro Ltd ready for a short term uptrend (Decreasing volumes and Bullish buying)?

The last 7 trading sessions of Larsen & Toubro has shown awesome signs for short term up move.  There are two great trading signs , below are more details for the same:-

•  In a down trend the volumes are decreasing. Decreasing volumes in a down trend is a sign that there are less number of people willing to sell the stock in a less rate. In other words less sellers and more buyers.

• When it started moving sideways we see more volumes in green candles and less volumes in red candles . Look at the last Friday’s volumes it’s almost less than half of the previous green candles. This is a clear sign that people are more bullish than bearish.
  
  

So looking at above two points below is our trade position

Stop loss  :- 800 ( Strict Strict Strict Strict Stop loss)
Target 880

Happy trading.

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