c4dilip

LT, month old resistance touched!

Short
NSE:LT   LARSEN & TOUBRO
LT – Touched high of 8th Sept & reversed. Gave Rs . 10/- per share from low of selling divergence (blue) candle. Immediate support around Rs . 913!! If falls more next strong resistance level is at Rs . 884.5. To watch out which direction it goes from here!

Indicator used TE REKAB, it captures reversals in the market.
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This is my personal study & idea. Please take advice from your financial advisor before taking any investing decision based on above chart.
Happy Investing !
Comment: In the sentence " If falls more next strong 'resistance' level is at Rs . 884.5. To watch out which direction it goes from here!" pls read resistance as 'Support'.
Apologies for the typo !!

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