L&T FINANCE LTDLong
L&T Finance Holding - Fib-Retracement
Updated
L&T Finance is a NBFC, having lowest PE in peer group. EPS is on a rise, with June'23 Quarter showing higher every profit. With festival season coming up, the disbursement of funds are expected to be rise and so the top-line and profits.
Fib-retracement is an important concept which provides that generally a stock retraces from 0.5 - 0.618 levels, the most important levels. Here we can see the stock has reversed from this level and is expected to be back to to its levels.
Fib-retracement is an important concept which provides that generally a stock retraces from 0.5 - 0.618 levels, the most important levels. Here we can see the stock has reversed from this level and is expected to be back to to its levels.
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Stock is moving up. A close above 130 will confirm Higher High and Higher Low setup, showing change in trend.
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