Girish

LT - On the fence

Long
NSE:LT   LARSEN & TOUBRO
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2
LT is setting up a nice triangle formation on the daily chart .

Price seems to have found support near the 200EMA daily as well. In today's rally, it's made a 3 week high as well. Can it break-out shortly OR will it break down ?

Very interestingly poised for the next few days/weeks.

I'd prefer a break-out here - color me biased :)