Buy L&T for target of Rs 2,250, stop loss Rs 1,870: Sharekhan

In a chat wit ET Now, Somil Mehta, Sr. Technical Analyst, Sharekhan, talks about the outlook of L&T.

What's your call on L&T?

L&T is looking extremely strong. It has formed an ABC pattern and it has completed, which is a corrective pattern and it has started its rally on the upside and it is moving strong. I have a target of Rs 2,250, which I have from a couple of weeks now and with a stop loss of Rs 1,870.