Stock of the day : Buy L&T Finance Holdings Ltd For Target Rs. 137 - Religare Broking Ltd
L&T Finance Holdings Ltd
* L&TFH has been in a steady uptrend from last more than 5 months. The upmove is supported with rise in volumes.
* It has registered a breakout from descending parallel channel while holding above its short term average i.e. 20 DEMA.
* Set to reclaim its previous swing high. Uptick in volumes is adding to confirmation.
* We thus recommend creating fresh longs in the mentioned zone.
Buy L&T Finance Holdings Ltd CMP 126.35; Range 125-127; SL121.5; Target 137
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