2026-09-29 10:54:43 am | Source: Religare Broking Ltd
Stock of the day - Larsen & Toubro Ltd Target Rs. 100 - Religare Broking Ltd
Larsen & Toubro Ltd
Buy 3700 PE (OCT) Larsen & Toubro Ltd CMP (Rs) 51.95 Range* 48-52 SL 25 Target 100
* LT is exhibiting a weak structure, with price continuing to form lower highs and lower lows after a prolonged decline.
* The stock has slipped below its key moving averages, while rising volume during declining sessions also indicates persistent distribution.
* Momentum remains fragile, with price action favouring further downside unless a decisive reversal emerges.
* Traders may consider buying an ATM Put option for potential downside participation.
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