mr-sky

Stock Analysis of L&T

NSE:LT   LARSEN & TOUBRO
LT CMP - ₹925.55 Dt. – 18-07-2020
On the daily chart , the stock has broken the trendline on 10-07-2020 and fall for 3 more days. From last 2 days, the stock is closing above the previous close which is good. If this trend continues then by 2 trading sessions the MACD will give the buy signal and the stock can try to break the purple line and start moving upward. If the stock fails to attract fresh buying and start falling then it can go up to ₹872.
CCI and RSI are bullish on the stock.
If stock start moving upward then you can buy and if starts falling then you should short sell because the stock has the potential to give good return either side.