Not too much of high hope for L&T: Rajat Bose, rajatkbose.com
Let’s see if Larsen can really manage to stay above 1700. Otherwise, it would once again be in a range bound situation.
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| Rajat Bose, rajatkbose.com (Technical Check), in a chat with ET Now, speaks about L&T.
What is the call on L&T?
February getting repeated, 11th of February and 14th of February, Friday and Monday are there. We saw a similar kind of move from a level close to 1400, it jumped and then finally fizzled out just when it touched 1700. We are once again approaching that territory of 1700 which Larsen, after it breached in the month of mid January, never really succeeded, staying above that.
Let’s see if Larsen can really manage to stay above 1700. Otherwise, it would once again be in a range bound situation. I am not placing too much of high hope for Larsen unless it really sustains above 1700 levels for at least a week or so.
What is the call on L&T?
February getting repeated, 11th of February and 14th of February, Friday and Monday are there. We saw a similar kind of move from a level close to 1400, it jumped and then finally fizzled out just when it touched 1700. We are once again approaching that territory of 1700 which Larsen, after it breached in the month of mid January, never really succeeded, staying above that.
Let’s see if Larsen can really manage to stay above 1700. Otherwise, it would once again be in a range bound situation. I am not placing too much of high hope for Larsen unless it really sustains above 1700 levels for at least a week or so.
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