L&T: Bullish outlook
Technical analysis of L&T seems bullish. It breaks triangle pattern and made a move. Today's (23/08/2023) move is an exception. I thinks this is an anticipation of Chandrayaan 3 landing, where L&T components are used.
Note
L&T touched the support of 2640. If it sustains below 2640, we can see few drops in price. But Global markets are looking for Fed Interest rate decision, so I'm still bullish. This is knee jerk reaction only. Further update will be on monday.Trade closed: target reached
Exact line touch!!! Wonderful.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.