libinbond

LT sustaining breakout - Long idea

Long
NSE:LT   LARSEN & TOUBRO
LT broke out of longer term resistances, tested 1580-1600 and is trading above 1600 now. Looks all set to move to 1700 levels. Long position can be looked at with SL of 1580, Risk/Reward 2.5
Trade active: ** Important Note - This post is my own study of the mentioned scrip and the views are given with reservation that they may prove to be wrong. I am not a SEBI registered analyst. Please consult your investment advisor before making financial investments.
Trade closed: target reached: Target achieved. Positionally still looks strong for 2000 in next few months. Holders can trail with SL

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