LT

- Capex slowing Down - Bear Cycle grips

When a stock and specifically mammoth like

falls below the key support after consolidation of almost 1.5 years, it signals that grip of bears in market is further tightening The stock has given a breakdown from key support horizontal trendline which was standing since 2023. The breakdown is at times when it is below its key short term moving average. This is a classic example of Wyckoff Distribution pattern Since its L&T, we believe capex is also going to slow down in coming months #timetoexit