‹ All Posts
Rakesh Madhav CFA

29th Nov · SEBI-Registered Analyst

L&T Finance — Strong Uptrend Intact 🚀

LTF
Finance advanced 1.3% to ₹312.4, continuing its remarkable uptrend as the stock scaled new highs. Momentum remains firmly positive with fresh accumulation visible across sessions. Technical View: Price surged to a fresh 52-week high above ₹310, backed by rising volume. RSI (14) at 72.1 — showing strong momentum, slightly overbought but trend intact. Stock remains above short-term EMAs with no reversal signals yet. Support: ₹302–₹306 | Resistance: ₹320–₹325 | Bias: Bullish continuation. Fundamental View: Focus on retail loan book expansion and cost optimization driving profitability. Reduction in wholesale exposure improving risk profile. Analysts remain upbeat with target range ₹330–₹345 amid sustained ROE improvement and AUM growth. Outlook: Momentum and fundamentals align for continued strength. Dips may offer fresh entry opportunities near ₹305.

#SectorBreakouts#FundamentalViews#TechnicalViews#StockInNews
696 likes·58 comments