A TECHNICAL UPDATE ON THE L & T LTD-16.3.2026

 

L & T LTD

Open—3696--High---3697---Low—3424.50--Close---3439 on 13.3.2026.

All-Time High:-4440 made on 24.2.2026.

All-Time Low:-15.57 made in 1998.

Recent Low:-2965.30 made on 7.4.2025. 

The overall technical setup is very weak and it is already into bear market territory as it is below its threshold point of 3552, so it is likely to go down further in the coming days. Moving down its important support range could be as follows:-

1.3200----2965---break & sustained close below 2965 may witness an accelerated fall.

2.2100---1900.

3.1600---1400--break & sustained close below 1400 can pull it down further. 

Similarly the following points are termed as make or break bottom and are supposed to be a strong support points:-

1.3720.10.—IT IS BELOW IT NOW.

2.3516.40.—IT IS BELOW IT NOW.

3.3405.10.

4.2965.30—MOST IMPORTANT & CRITICAL BOTTOM.

5.2846.05.

6.2168.50.

7.2050.10.

8.1797.40.

9.1456.35.

10.1306.

11.843.

It is suggested to buy in a staggered manner only once it gives visible indication that the fall is arrested or downside may be limited and if it holds any of the support points or range as mentioned above for some time then start buying with a strict stop losses. Please note that 2965.30 is a very critical support point and break & sustained close below it may witness an accelerated fall and as of now the overall technical setup indicates that it is likely to break this point in coming days, so watch out. It is suggested not to hurry for buying because overall market condition is very fluid and sentiments are at the lowest at this point of time. 

It is important to mention here that you can get good companies stock cheaper only when the technical parameters are weak, therefore for investor those who are slight risk taker and have patience and can hold the stock for 3-5 years time period should only buy in a staggered manner with the help of above observation for good or handsome return. Similarly for the risk-averse investor one should only buy when it gives distinct indication of bottoming out and consistently start moving up, but in this case one will get the stock at a higher price. 

REMARKS;-In view of the above observation for traders & short term investor’s one can buy near or within the range of 3200—2965 with a stop loss of 2920 or can buy if it moves above 3552 and sustain on the closing basis then with a stop loss of 3500 and for long term investors one should structure their buying as suggested above.

IMPORTANT: DO NOT TRADE OR INVEST WITHOUT STOP LOSS. 

NOTE: - It is a technical assessment of the stock as of now, the technical interpretation changes with the price movement and time, therefore it has to be reviewed at regular intervals, furthermore  investors are advised to look into fundamental, financial details of the company because that too keeps on changing and last but not the least management perception for the future of the company before taking investment decision.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view. This is for educational purpose. 

Kindly note that make your cost your stop loss in favorable  trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

 

Note: Price stated here are of spot market.

 

Contact me for strategic guidance to enter and exit trade.

 

Thanks 

Narendra Kumar Surana

suranank@gmail.com

Mobile—8240951127/9831313654.