With reference to the price chart of Larsen and Tourbo (NSEsymbol: LT), the stock has gained more 30%, and the recent quarterly earningstoo have been positive.
An idea for booking profits if the stock was bought beforeis being made for the following reasons:
The distance between the 20 and 200 simple moving average (SMA)is wider.
Since the last earnings, the price has increased in a strongsustainable trend.
Now, two consecutive Doji candles indicate a stalematebetween buyers and sellers.
Thus, those in the know were already aware of the positiveearnings announced recently, and now is a good time to book profits.