captvivekjain

Larsen & Toubro promises to escalate your investment

Long
NSE:LT   LARSEN & TOUBRO
4
L&T at Rs 1493 is a splendid large-cap well underpriced.
Scrip has bottomed out and crossed all EMAs and resting with consolidation on 20D EMA .
All other EMAs have crossed favourably and are in order.
Volumes are good and indicative of a bullish rise soon.
Company's order book position and profit margins have improved.
It is one of the very few infra-structure companies available with an excellent goodwill, reliability and capability of executing orders of any nature and value.
Buy with a stoploss of Rs 1423.