look for 1400, 1450, 1500, 1600 and 1642 STOP LOSS 1320 Disclaimer: All posts/views are for educational purpose only..!! Kindly contact financial advisor before taking position/decision.
Larsen and Turbo stock has been in a nice and long uptrend for months now. The stock now has reached the support zone of this uptrend. Its certainly a nice opportunity to make use of reversal from this support zone and enjoy the 'LONG' ride.
LT may garner some support for the falling nifty and with help of other stocks can help nifty to gain some momentum on the upper areas tomorrow its expiry weekly so need to keep a close check on such good corrected stocks like reliance axis titan maruti m&m pharma stocks
LARSEN TOUBRO COULD REACH 1180-1200 IF WEEKLY CLOSE SUSTAIN BELOW 1400
larsen and toubro will have face resistance at 1426-1430 range once haikin aishi candle close above 1426 then again back on track ... other wise ....some more healthy leval correction will come.....
This time the stock is so weak that its trading above 10 days Moving Average that is 115. For Upside the first target will be 125.45, If it sustain on it then next investor target will be 140, In case Downside continues then 105 would be an entry level. Exit at 115 .
Larsen and Toubro has been consolidating sideways for about a year and half forming a rectangle pattern. This pattern is finally broken last week. It snow time to enjoy this LONG ride! Happy learning!
current resistance levels at 1390. Massive upside if it crosses this level. MACD looks to converge soon, indicating a good bull run if it breaks 1390 level
Buy LT on a dip with SL of 1264 and targetes of 1294/1305