Shown above is the daily chart of
Larsen and Toubro. As we can see the stock has given multiple breakouts in the last trading session. The stock has also given breakouts in 60 minutes chart and weekly chart whose targets are yet to be achieved. The moving averages have also given a positive crossover strengthening the stock. Therefore, I suggest to buy the stock, it would be safer to buy the stock above 1807 for targets of 1825-1830, above which if sustained the stock has potential to move upwards till levels of 1850-1860. Maintain a strict closing basis stop loss below 1780.
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