L&T after consolidating for nearly two years has given inverse head and shoulders pattern and breakout can lead to target of 2200 within a year and also the IT subsidiaries are outperforming the market.
SL: 1400 wcb!
LT gave Cup and Handle Breakout after making this structure for 6 months, It has retested the breakout and It is reversing from the resistance which is acting as support now.
once the above level is taken out 1650 we can look for long entry. head and shoulder type pattern breakout now we are looking for a pullback and level to be taken out. we can have a sl below previous base
L&T getting ready for 1800 and 2500 ++.
Cup and handle formation in progress with increase in volume activity.
Trading above 1600 DCB. could fetch 1800 in near term and 2500 ++ long term. SL 1300 WCB.
Stock has broken out of of recent highs with volume spikes and now is consolidating now near support level .
A long can be initiated for a Risk Reward of 1.5
