L&T in near very crucial trend line
support around 1230-1240 zone which can be make or break level in short term, plus 100 day EMA
is currently at 1210 which can also provide very good support, so if L&T doesn't close below the channel and maintains 100 EMA
then chances will that it will move back towards upper resistance zone
But if it fails to hold on to support zone
then may see all the way towards next support zone
Once can take position accordingly.