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Umang Bhutada

5th Feb · SEBI-Registered Analyst

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.

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