Buy Larsen & Toubro Ltd For Target Rs.2350 - Monarch Networth
Larsen & Toubro
Stock has given a strong breakout on daily as well as higher time frame charts. Post this breakout stock has corrected till its baseline level on ichimoku chart. Multiple support levels are also merging in the 1800-1900 zone which indicates there will be buying interest in this zone. Recommendation is to Buy at current price and add on dips till 1800, keeping the Stop loss at 1590 level and Target at 2150-2350 levels.
Buy : Larsen & Toubro Ltd CMP: 1920 SL: 1290 TARGET :- 2350 TIMEFRAME: 3-4 MONTHS
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