Monday, 24 September 2012

L&T Breaks Out

This is my first post.  Hope you all would benefit from it.  As you can see in the weekly chart of L&T it appears to have successfully broken out from the strong resistance @ 1485.  Certainly a very good time ahead for the stock unless it proves out to be a breakout failure. A correct strategy is to buy on every dip for the first target of 1720 to 1740, then 1850+. CMP  is 1585. Keep a SL of 1305.

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