Technical Analysis of Indian Equities by Nooresh

Larsen & Toubro – Retesting previous breakout levels.

larsen

 

1480-1530 has been a band of resistance and support for the stock for last couple of years now. This time the stock seems to re-testing a similar zone and one can expect a bounce back to 1650-1700.

Stoploss for the trade would be 1450.

 

Happy Investing,

 

Nooresh Merani

 

www.analyseindia.com

Article by Nooresh Merani

Nooresh has written 2613 articles.

You can follow Nooresh Tech on Facebook and Twitter here.


{ 0 comments… add one }

Leave a Comment