LKP Spade : A Weekly Pick - Buy LARSEN & TOUBRO Ltd For Target Rs.2406 - LKP Securities
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LARSEN & TOUBRO Ltd
* The stock has given a consolidation breakout on the daily chart, suggesting a rise in optimism for the near term.
* Besides, the stock has sustained above the crucial near term moving average (14 DMA).
* The daily RSI is in bullish crossover and rising.
* Over the short term, the stock is likely to move towards 2400 and higher. On the lower end, support is placed at 2077.
BUY LARSEN & TOUBRO Ltd @ Rs.2182-2192 Stop Loss Below Rs.2077CB Target Rs. 2296/2406 Duration 1 Week
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