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LARSEN & TOURBO - Trading in Range

NSE:LT   LARSEN & TOUBRO
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LARSEN & TOURBO ( LT ) has been testing neckline of Head & Shoulder pattern post breakout. Move below 1697 will take price towards 1650 levels. On the upside, resistance is at 1765.
Comment: LT is retesting the trend channel. Upside on cards only if closes above 1765 level.
Trade active: Post taking resistance at trend channel , slided downside yesterday thus breaching the range .
Trade closed manually: LT broke the range @ 1697 & made the low of 1677 before rallying upside and triggering the Stop-loss

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