L&T is in the consolidation phase. Resistance has become support this means there is bullish indication. 3300 could be the short term target. 2750 and 2600 can be considered for stop loss.
As a follow up the stop loss has already hit people must exit this stock.
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One of my friend asked on my opinion on the script ACC. Here the support of 710 ~ 730 level will be crutial. While strict stoploss have to be maintained at 700 Level as bellow 700 the stock may see lot of selling.
As per the Vivek Patil's observation on the icicidirect technical report (He is really good) Bottom is expected in this May or June and then the up phase would continue How long ? is the question.