Larsen & Toubro Limited ( LT )
Technical
Strong recovery from ₹3,720–3,800 demand zone.
Price reclaimed ₹3,950 → momentum shift bullish.
Heading towards major supply near ₹4,195–4,250 (previous swing high).
Structure: Higher low formed after deep correction.
Levels
Support: ₹3,950 / ₹3,800
Resistance: ₹4,195
Fundamentals
Order book at all-time high, strong infra + defence pipeline.
Consistent execution, improving margins.
Direct beneficiary of Govt capex cycle.
Verdict: Pullback done. If sustains above ₹3,950, move towards ₹4,200 zone likely.
#FundamentalViews#TechnicalViews

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