L&T FINANANCE HOLDINGS: 1) The stock has given a strong Breakout 2) Can go long @ Cmp 3)Levels are mentioned in the chart 4) Always book Partial profits & Trial your Stoploss
On daily time frame, the stock is trading just near the resistance level of 1765-75. The stock has closed just below the resistance level and 20 ema. Once the level of resistance and 20 ema breaks, the stock can give a good up move. Wait and watch for the chart pattern to form near the levels. Support and resistance levels are there in the chart itself.
LT looks set for a breakout, identified with a cup and handle formation- with the ideal buying range between 1900 and 1920. Short term target of 1984 and long term target of 2230. Always keep a stop loss at 5-8 percent. Note: Not a buy or sell recommendation, but a personal analysis for educational purpose.