Larsen & Toubro SHORT !

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


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
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.
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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