sethinomics

L&T breakout 1200 tgt 1700

Long
NSE:LT   LARSEN & TOUBRO
Larsen stock is breaking out from 2.5 years consolidation below 1200 after forming inverted Head & Shoulders pattern. Last 2.5 yrs stock has been b-w 700-1200 approx. So i believe we can see 500 rupees upside easily if stock sustains above 1200. Expecting the stock to hit 1700 in 6 months. Several brokerages have fundamental targets of around 1400 on stock as of now. We hold.

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.