L&T Limited has been in a consolidation zone between 3,500 and 4,000 levels for the past two years, indicating a strong uptrend followed by accumulation; traders should wait for the price to reach the support level before entering, as any breakout above 4,000 levels presents high rally potential due to the stock's strong fundamental position.
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L&T Limited monthly chart you can observe here. Stock is consolidation zone. So, from last 2 years price trading between 3,500 to 4,000 level.
So, wait for the price to come to the in the support level, then you can consider entering this stock because this is a very strong uptrend stock. After that consolidation, any breakout in this level, so price again uptrend will be possibility very high chances there.
Stock is accumulation zone is there. So, here any breakout 4,000 and all stock is very good rally possibility very high chances there. Fundamentally very good stock L&T Limited. And also, for more details, stock market related quick updates, you can join our Telegram channel free intraday live calls along with any query related to the stock market, any doubts, you can contact our WhatsApp number
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