Powered by: Motilal Oswal
2026-05-13 10:29:05 am | Source: Religare Broking Ltd
Stock of the day : Larsen & Toubro Limited by Target Rs. 125 - Religare Broking Ltd
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

 

Please refer disclaimer at https://www.religareonline.com/disclaimer

SEBI Registration number is INZ00017433

Disclaimer: The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references. To Read Complete Disclaimer Click Here