Larsen & Toubro (LT): Breakout on a daily chart

LT looks set for a breakout, identified with a cup and handle formation- with the ideal buying range between 1900 and 1920.

Short term target of 1984 and long term target of 2230.

Always keep a stop loss at 5-8 percent.

Note: Not a buy or sell recommendation, but a personal analysis for educational purpose.

Trade active:

Short term target of 1984 achieved.