HeeraRana
Short

Larsen & Toubro SHORT !

NSE:LT   LARSEN & TOUBRO
Larsen & Toubro today posted very bad results with 79% slumps in business and also stock looks heavy selling due to pressure. one can accumulate for short position with target 850/ & 800/- with stop loss 940/-
Trade active
Comment: 900 today !
Trade closed: stop reached: stop loss hit ! targets closed

Comments

800 & 850 are good buying levels. it doesnt mean that we can short now. look at the volume of purchase today morning one hour candle
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Don't be trap for short. Its bounce up from here to 960 to 970. 920 price will be history for l&t. accumulate for long only. All factors were priced in.
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Its already accounted for in the current price. Be careful in taking short positions - specially if it gives a gap-down opening
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