Stock of the day : Larsen & Toubro Limited by Target Rs. 125 - Religare Broking Ltd
Larsen & Toubro Limited
* LT failed to surpass the resistance zone near the previous gap area and consolidated below the same.
* It has now witnessed a breakdown from this narrow range while slipping below its key moving averages.
* The price action along with the positioning of momentum indicators, suggests the possibility of further downside in the near term.
* Traders may consider creating short position in LT through PE option within the mentioned range.

BUY 3800 PE Larsen & Toubro Limited CMP 63.85 Range 61-64 SL 30 Target 125
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SEBI Registration number is INZ00017433
