L&T had a very good upmove. Now we see evening star formation. In case L&T trades below 1698 it will correct till 1630 levels just to refuel and fire a new rally. Target of 2100 was already given earlier.
Considering that target of 8500 given in March 2014 was achieved. There can be a correction or consolidation which will also be healthy for further rise. Current stop loss of 8000 to be considered. Close below 8K will bring in more selling.