Weekly Investment Idea | Large Cap Stock | Larsen & Toubro Ltd #LT 1) Good weekly close. 2) Inverted Head & Shoulder Breakout. 3) No near term resistance. ATH.
Free Tip #Calculation of Target in INHS type of breakouts: Target = R1 + (R1-S1) = 1600 + (1600-765) = 2435.
Note: Above values are approx. values. Please refer chart.
Watch out for Strong Monthly close. A close above 1600 levels will add more power to conviction.