2026-09-16 11:11:18 am | Source: Religare Broking Ltd
Stock of the day - Larsen & Toubro Ltd Target Rs. 90 - Religare Broking Ltd
Larsen & Toubro Ltd
Buy Larsen & Toubro Ltd CMP (Rs) 42.25 Range* 39-43 SL 15 Target 90
* LT has turned technically weak, with price breaking down its recent consolidation and forming successive lower highs and lower lows.
* The stock has slipped below its short, medium and long-term moving averages, confirming deterioration in trend structure.
* Price has also breached its rising trendline on increased volume, indicating strengthening selling pressure and scope for further profit booking.
* Considering the bearish setup, clients may consider buying the LT put option.
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