We had recommended Larsen and Toubro at 1440-1450 in Technical Traders Club and Big Value 2.0 last week.
Above is the chart as posted in the Report.
( We also recommended a lot of other large caps like ICICI Bank at 1490 …. and more and midcaps like Escorts at 155 , Hexaware at 170. Would have preferred more dips 😉 )
This is how Larsen and Toubro looks now on a shorter term chart.
Larsen and Toubro --- Looks bottomed out at
1400-1450 and a trend change.
Further momentum above 1650.
Dips to 1500-1530 a buy area.
Also Dow Jones as expected has bounced 1000 points from the low and Nifty around 300 points. This is the post on Dow Jones and Vix Co-Relation
For more such reports – Technical Traders Club
FOR ALL THE PEOPLE INTERESTED IN LEARNING TECHNICAL ANALYSIS
Technical Analysis Training – Mumbai November 15-16 – PAY AS YOU WANT.
( First come First Serve Basis. Register at the earliest )
