Larsen & Toubro Ltd on a daily chart stock price
at Rs. 1366 is on the verge of breakout of parallel channel at Rs. 1366 level
any closed above the same, rally will continue towards 1483 level. Likewise,
stock price is making higher high pattern with increase in volumes. Momentum Oscillator
MACD is on the verge to give positive crossover, which further add bullishness
into stock price.
If one were to go by the
volume data, a higher upswing is seen on the stock price. Trader or investor
can accumulate above Rs.1366 for the target of Rs.1483 levels, with Rs.1318
stop loss on closing basis.
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