indiamarketoutlook

LT: Dips may provide better Risk::Reward ratio to Buy

NSE:LT   LARSEN & TOUBRO
LT

We are looking at weekly charts of LT

Charts reveal

1680-1658 and 1615-1593 as important levels on the downside

The zone around 1600 acted as Resistance in 2019, Feb 2021 and June 2021 before seeing a Breakout in July 2021

On any further dips the stock could provide better Risk::Reward ratio to go long.

Take care & safe trading...!!!

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