Sunandamedi

L & T (MOVEMENT TOWARDS SOUTH)

NSE:LT   LARSEN & TOUBRO
FIBONACCI RETRACEMENT IS AT 62% OF EARLIER BIG DOWNWARD MOVE.

AT THE TOP SIDE, THERE IS HUGE RESISTANCE AT THE LVLS OF 1411.

FROM THE WEEKLY CHARTS AND ALSO DAILY CHARTS , THERE IS A TENDENCY TOWARDS A PRICE LEVEL OF 1356 AND 1332 (WHICH HAPPENS TO BE THE 50% FIBONACCI LEVEL). FROM 1332 IT SHOULD START MOVING UP.
Comment: TODAY LOW 1375.

NEARING T1 - 1356
Comment: Today low T-1 of 1365 reached.
Comment: IT HAS FORMED MULTIPLE BOTTOMS AT 1365 AND TOPS AT 1393.

TAKE THE DIRECTION FROM THE PRICE MOVEMENT.

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