L&T at bottom of range

Larsen & Toubro is consolidating and currently has taken support at the bottom of the range. One can buy with the stop loss of 1500 level with the target of 1800. Bigger move is only expected above 1800.


Murtaza Attari said...

Do you see a HnS forming ... i.e. the right shoulder forming now ?

And yes .. with your association - maybe u could have some info before hand .. maybe .. maybe :D :wink:

Do reply - if not here - personally at stocks dot murtaza at gmail dot com

yagnesh said...

HnS is something where I wait till the breakout/breakdown to occur for confirmation. Also the Stop Loss of 1500 will always protect from major losses.

With my association I am not having any big news :(.

But one thing is true if Govt. do not come out with major construction project L&T will have problems booking orders.