🚀 Multi-Signal Confirmation on L&T – Breakout on Cards!

Larsen & Toubro (L&T) is approaching a decisive breakout zone near ₹3,850–3,900 after consolidating for over a year. Multiple signals align to suggest strength: 🔹 Elliott Wave Structure – The stock has completed a corrective Phase (Wave 4) inside a large sideways range and is now preparing for Wave 5, which typically leads to a fresh impulsive rally. 🔹 MACD Divergence – Weekly MACD shows a bullish crossover with positive divergence, confirming upward momentum despite sideways price action. 🔹 AVWAP Support – Price has consistently held above the anchored VWAP drawn from the last major swing low (₹3,250), acting as a strong base for accumulation. 🔹 Fundamental Strength – Industry leader in infrastructure & capital goods High ROCE above 15% Consistent profit growth with strong order book visibility Strategic exposure to India’s capex cycle and global projects 📈 Technical Setup: Breakout above ₹3,900 can open upside potential towards ₹4,500+ Support zones: ₹3,500 and ₹3,250 👉 Confluence of technical + fundamental strength makes L&T a potential multi-signal breakout candidate for the coming weeks.