Daily Chart Analysis on

LT

Technical View –

L&T On the daily chart, L&T is trading around ₹3,560–3,580 levels and showing signs of recovery after recent consolidation. The stock is holding above its 200-day EMA (₹3,500 zone), which acts as a strong long-term support. The RSI is near 51, suggesting neutral-to-positive momentum, while Parabolic SAR is indicating early signs of reversal. Immediate resistance is placed near ₹3,620–3,650, and a breakout above this zone could open the way towards ₹3,700–3,750 in the short term. On the downside, ₹3,500–3,520 remains a key support zone; any sustained break below may invite further weakness. Summary: Technical setup looks constructive. Buy on dips is advisable with short-term upside potential towards ₹3,700+, while keeping a stop loss near ₹3,500. Order Details (The News) L&T has secured a large order from NHSRCL for the Mumbai–Ahmedabad High-Speed Rail (MAHSR) corridor. The order is valued in the range of ₹2,500–5,000 crore. Scope of work: construction of 156 route-km ballastless high-speed track, covering elevated viaducts and underground sections. With this win, L&T is now handling more than 50% of the MAHSR track work, making it the key execution partner for India’s first bullet train project.