“L&T: India’s infra backbone or just another cyclical bet?”

🏗️ 3. Larsen & Toubro (L&T) – Infra Titan with Defence Firepower - CMP: ₹3,050 - Major Support: ₹2,980 - Major Resistance: ₹3,180 🔍 Technical Snapshot: - Strong uptrend with consistent support at 20-day EMA. - RSI near 65, indicating bullish momentum. - Volume spikes on breakout days suggest institutional interest. ⚠️ Investor Watchout: - Robust order book in infra, defence, and hydrocarbon. - Execution risk and delays in government capex can affect sentiment. - Any dip near ₹2,980 is a potential accumulation zone.