Larsen & Toubro Limited is a technology, engineering, construction, manufacturing and financial services company. The Company’s segments include Infrastructure, which is engaged in engineering and construction of building and factories; Power, which offers solutions for thermal power plants; Metallurgical & Material Handling, which consists of solutions for ferrous and non-ferrous metal industries; Heavy Engineering, which manufactures and supplies custom designed, engineered critical equipment and systems.
SHORT TERM PERSPECTIVE
|Company||Larsen & Toubro Limited|
|Stop Loss (SL)||Rs.825|
|Time Horizon||2-4 Weeks|
Intermediate and Short term trends are up in this script. The stock has seen a sharp decline and then started a process of consolidation.
Price is now taking support at 835-840 levels. A bullish RSI and MACD buy signal has emerged on the Daily chart. Increase in volume and positive diversion from oscillator indicate that stock can move higher from the current level so one can initiate a buy at CMP Rs 864.40 with a stop loss of Rs. 825 on (closing basis) with a target price of s Rs.940 – Rs. 1020. Time frame should be 2-4 weeks.
DISCLOSURE IN PURSUANCE OF SECTION 19 OF SEBI (RA) REGULATION 2014
Elite Wealth Advisors Limited does/does not do business with companies covered in its research reports. Investors should be aware that the Elite Wealth Advisors Limited may/may not have a conflict of interest that could affect the objectivity of this report. Investors should consider this report as read more
For Daily Share Market Updates, Daily debt market review, Market Research Analysis reports, Weekly Techno-Funda Report, Fundamental Analysis Report, Monthly Recommended stock Picks, Equity Trading Tips, Upcoming IPO/NFO/Bonds/Ncd’s updates & other related information Subscribe our research plan