rahul.u.bhagwat

LT : Spear leaders of Nifty, ready for a correction...

NSE:LT   LARSEN & TOUBRO
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L&T looks ready for a correction after violating a parallel Channel & a short term H&S pattern.
Though the stock is in a uptrend, a mild correction to 1613 levels is expected.
The DI+ crossover DI- is an additional confirmation of the impending correction.
Place stop loss at 1743. Book partial profits at 1613 & STAY with LIGHT short positions till 1600.

Comment: The DI- crossover DI+ is an additional confirmation of the impending correction.
Typing error rectified.
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