Positional Trading Idea on L&T with Fibonacci Level

Mar 31

LT

Stock closed above ATH on 28th March 2024. If drawing Fibonacci Extension taken into account of recent High and Low then the 1.618 Fibonacci Extension level comes near 4038 level. Long Position may be initiated at CMP with Trailing SL 3700 for the target near 4038 level.

Apr 16

Note

Closed below Fibonacci 0.618 retracement level near 3555.