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
Mobile—8240951127/9831313654.
