BharatJhunjhunwala

The stock may meet immediate resistance at 1340 levels

Long
NSE:LT   LARSEN & TOUBRO
A decent move was noticed in Larsen & Turbo this week. The prices closed above a previous swing, RSI has moved into neutral zone from a bearish area while MACD has moved above zero level. These point towards strength in the counter, with expectation on infrastructure expenditure allocation in budget a up move may be triggered in the stock. The stock may meet immediate resistance at 1340 levels, price action needs to be watched there. Above which the stock may move to 1420, 1450 levels. While 1345 -1330 may provide support to the price below this the stock may fall to 1290 – 1270 levels.
Bharat Jhunjhunwala
MFTA,CMT,CFTe,MSTA
http://www.prorsi.com

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out