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LT - Descending Triangle Breakout Confirmed

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LARSEN & TOUBRO (NSE:LT)  
NeeteshJain Diupdate   
NSE:LT   LARSEN & TOUBRO
larsenntoubro LT Descending Triangle
11
3
larsenntoubro lt descendingtriangle
It is been observed that the price action formed a descending triangle on daily chart and today's price action confirmed the breakout to upside as it reached above the highs of the previous day. It shall now move further up 1500, 1520, 1540 levels.

Target: 1540
Stoploss: 1450
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