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Stock of the day: Buy Larsen & Toubro For Target Rs.48 By Religare Broking
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Larsen & Toubro
* LT has been holding strong despite the prevailing corrective phase.
* After marginal retracement from its record high, it formed a base around 2050 levels.
* Seeing gradual recovery now as it has reclaimed the short term moving average i.e. 20 EMA as well.
* We thus suggest initiating fresh long position through the Call option.
Buy Larsen & Toubro Buy 2140CE CMP: 29.80 Range: 25-27 SL: 16 Target: 48
Technical Chart : Daily
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