L&T : Breakout..

LT showed good strength in the last session of the past week.
The Daily Charts shows a Breakout with good Volume .
The Weekly chart has been in consolidation since April & looks Ripe for a Breakout.
Probably the Medium Term Cycle & Short Term Cycle are aligned this time.
If we get a cummulative effect of addition of these Cycle magnitudes, the stock can check levels of 1316 very soon.

Go long with a stop below yesterday's low of 1134 & look for Primary Targets of 1212 & Secondary Targets of 1316.


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