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RajuDatla

L&T SETTING A BULLISH CUP & HANDLE PATTERN

Long
LARSEN & TOUBRO (NSE:LT)  
RajuDatla  
NSE:LT   LARSEN & TOUBRO
Trend Analysis Chart Patterns
1
0
trendanalysis chartpattern
On the Daily chart L&T is looking to set up a bullish Cup & Handle breakout, similar to the one during Oct – Nov 2023. The Nov ’23 breakout gave 19% return in the following 60 days. The current setup, if breaks out, can also offer a decent return though in the market there are no guarantees. Price structure on the Monthly & Weekly charts is quite bullish.

Only personal analysis. No recommendation.
Raju KMS Datla
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