Stock Picks - Buy L&T Finance Holdings Ltd For Target Rs. 101 - ICICI Direct
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Technical Observations
The share price of L&T Finance Holdings has witnessed a falling channel breakout containing entire corrective decline of the last two months signalling a resumption of the up move
We expect the stock to maintain positive bias and head towards | 101 levels in the coming weeks as it is the 61.8% retracement of the entire corrective decline (| 113-84) placed around | 101 levels
The stock has recently rebounded after forming a higher base at the 200 days EMA and the previous major low of February 2021 as can be seen adjacent chart signalling a positive price structure
The daily MACD has recently generated a buy signal and is in up trend thus supports the positive bias
Buy L&T Finance Holdings Ltd @ 89.00-92.00 TGT 101.00 SL 86.00
To Read Complete Report & Disclaimer Click Here
https://secure.icicidirect.com/Content/StaticData/Disclaimer.html
Above views are of the author and not of the website kindly read disclaimer
