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

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