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Rakesh Madhav CFA

28th Sep · SEBI-Registered Analyst

📌 L&T – Breakout with Strong Momentum

LT
has shown a sharp move today, breaking out above recent consolidation with strong volumes, reflecting renewed buying interest in capital goods and infra names. 🔹 Technical View CMP ~₹3,730, up ~2.3% today. Stock trading above 20/50-day EMAs (₹3,663/₹3,633), confirming bullish bias. RSI ~64 – positive momentum, not yet overbought. Support: ₹3,650–₹3,600 zone. Resistance: ₹3,800; sustained move above this may open room toward ₹3,900–₹4,000. ⚖️ Conclusion: L&T is showing strength with fresh breakout signs. Traders can watch ₹3,800 as the next resistance, while investors may hold for long-term infra and capex growth story.

#TechnicalViews#FundamentalViews#EquityResearch#SectorBreakouts
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