Published on 14/08/2020 10:23:30 AM | Source: Motilal Oswal Financial Services Ltd

Buy Larsen & Toubro Ltd For Target Rs. 1050 - Motilal Oswal

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Technical Trading Idea

* L&T gave a Triangle breakout on daily chart with healthy volumes and closed above the same. It also managed to sustain above 100 DEMA for the first time after January 2020, which is a positive sign for the stock. RSI oscillator is placed positively and thus showing strength in the counter.

* Considering current chart structure, we are expecting the stock to move towards 1050 levels. Thus, traders are advised to buy the stock with stop-loss of 960.


Buy ITC Ltd @ 2-3 Days CMP 991 TGT 1050 SL 960


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