Levels From Chart -

LT

has recently reported better-than-expected financial results, leading to a notable consolidation breakout in its stock on a daily scale. The stock is now on the verge of breaking through a downward sloping trendline, which has been established by connecting swing highs from February 2025. In addition to this positive development, L&T's stock has surged above both its short-term and long-term moving averages, indicating a strong bullish trend. The daily Relative Strength Index (RSI) has also crossed above the 60 mark for the first time since March 2025, further suggesting increasing momentum in buying activity. Given these encouraging technical indicators, we recommend accumulating L&T shares within the price range of Rs 3,430 to Rs 3,450. To mitigate risk, a stop-loss should be set at Rs 3,350. On the upside, the stock is poised to test the Rs 3,650 level in the short term, presenting a promising opportunity for investors. Disclaimer- As a SEBI registered Research Analyst with NISM certification, I want to emphasize that these credentials do not guarantee success in any trade. Investment in the share market is subject to market risk, and past performance is not indicative of future results. Recommendations are for informational purposes only and should not be considered as buy or sell advice. Please conduct your own research and consult a financial advisor before making any investment decisions. We will not be liable for any losses incurred from using this information.