Technical Analysis on Larsen and Tubro.
>> Friday, January 30, 2009
CMP - 690.25
The company which recently hiked its stake in Satyam from 4% to 12% is very much a buy in range of 665 to 684 for a sharp upmove till 745.
EDO chart shows some strength at 660 levels.
Support and Resistance for LNT.
Pivot - 677
Support - 659 and 628
Resistance - 708 and 725
If the stock crosses 725 range it can touch 745 in short term. (1 - 2 weeks)
Keep proper SL of 650.
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