01-12-2023 12:25 PM | Source: Religare Broking Ltd
Stock of the day: Buy Larsen & Toubro For Target Rs.48 By Religare Broking
News By Tags | #3848 #765 #5695 #3050

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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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