Larsen & Toubro Ltd (L&T) STOCK OF THE VIEW

 

TRADE Bias: Intraday – SELL on Rejection (until breakout confirmed) 📉 INTRADAY SELL SETUP (Reversal Trade) Sell Below: ₹3640

Target: ₹3600 → ₹3550

Stop Loss: ₹3665

Reason: Repeated rejection near resistance with weak follow-through.

📈 Alternate INTRADAY BUY Setup (Breakout Trade) Buy Above: ₹3735

Target: ₹3790 – ₹3820

Stop Loss: ₹3705

Reason: Breakout from trendline + 0.5 Fib = strong momentum trigger.

🔹 POSITIONAL TRADE PLAN (Swing 2–3 Weeks) 📈 Positional View: BUY on Breakout Only ⚠️ Avoid long until price breaks out above 3735 on a closing basis. 🛒 Buy Entry: Above ₹3735–3750 (daily close) Target 1: ₹3830 (Fibonacci 0.618 level)

Target 2: ₹3960 (Fibonacci 0.786 level)

Stop Loss: ₹3620 (swing low)

Risk-Reward: ~1:2.5

📉 If Rejected at Resistance (Positional Sell) Sell Entry: Near ₹3730 with rejection wick or bearish candle

Target: ₹3540 then ₹3315

Stop Loss: ₹3750

🎯 Final Trade Decision: Trade Type Direction Entry Targets Stop Loss Bias Intraday Sell Below ₹3640 ₹3600 → ₹3550 ₹3665 Bearish Intraday Buy Above ₹3735 ₹3790 → ₹3820 ₹3705 Bullish on breakout Positional Buy Above ₹3735 ₹3830 → ₹3960 ₹3620 Bullish Breakout Positional Sell Below ₹3635 ₹3540 → ₹3315 ₹3750 Bearish if rejected

✅ Recommendation: Intraday Today: Lean bearish below ₹3640.

Wait for breakout above ₹3735 for both intraday & positional buy.

Positional call is BUY only if the daily candle closes above 3735 with strength

Larsen & Toubro Ltd (L&T) across short-term, medium-term, and long-term perspectives using the chart you've shared and technical principles (price action, trendlines, Fibonacci levels, and support/resistance zones):

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🔹 1. SHORT-TERM VIEW (1–2 Weeks)

📊 Trend:

• Consolidation to minor bullish bias near a key resistance zone (3733).

• Price is testing a descending trendline and 0.5 Fibonacci level.

⚙️ Key Levels:

• Resistance: 3733 → 3831

• Support: 3635 → 3541

📈 Possible Scenarios:

• Bullish Bias: If closes above 3733 with volume, target 3830-3840 quickly.

• Bearish Risk: Failure at 3733 or breakdown below 3635 targets 3540 zone.

🎯 Short-Term Strategy:

• Buy on breakout: Above 3735

  • SL: 3635

  • Target: 3830–3840

• Sell on rejection: Near 3730

  • SL: 3745

  • Target: 3541

⏱️ Short-Term View Summary:

Direction	Entry Zone	Target	SL	Potential
Bullish	3735	3830	3635	+2.5%
Bearish	3730	3541	3745	-5%

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🔹 2. MEDIUM-TERM VIEW (2–6 Weeks)

📊 Trend:

• Recovering from downtrend, forming higher lows.

• Price consolidating near 50% retracement — decision point.

⚙️ Key Levels:

• Major Resistance: 3831 → 3964 (0.618–0.786 Fib zone)

• Support Zone: 3541 → 3315

📈 Scenario Possibilities:

• Sustainable Breakout above 3830 could open rally toward 3960–4000.

• Breakdown below 3540 will shift the medium-term trend back to bearish.

🎯 Medium-Term Strategy:

• Buy breakout: Above 3835

  • SL: 3700

  • Target: 3960–4000

• Sell on breakdown: Below 3540

  • SL: 3630

  • Target: 3320–3350

📊 Medium-Term View Summary:

Direction	Entry Zone	Target	SL	Potential
Bullish	3835	3960	3700	+3.2%
Bearish	3540	3315	3630	-6.5%

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🔹 3. LONG-TERM VIEW (2–6 Months)

📊 Trend:

• Primary uptrend intact; currently undergoing a correction within a long-term bullish structure.

• Consolidation pattern may be a bullish continuation if price sustains above 3730–3830 zone.

⚙️ Key Long-Term Levels:

• Major Resistance: 3964 → 4200+

• Strong Long-Term Support: 3315 → 3200

🧠 Key Indicators (based on structure):

• Sustained movement above 3830–3960 can push price back to previous highs and beyond (4200+).

• Breakdown below 3315 would indicate a deeper structural weakness.

🎯 Long-Term Strategy:

• Accumulate if above 3830 holds.

  • Target: 4100–4200

  • SL: 3540

  • Risk/Reward: Favorable

📊 Long-Term View Summary:

Direction	Entry Zone	Target	SL	Potential
Bullish	3830–3900	4200	3540	+8%
Bearish	Below 3315	3000–2900	3450	-10%+

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✅ Final Summary Table:

Term	Bias	Key Levels (Support/Resistance)	Strategy	Potential Move
Short-Term	Neutral/Bullish	Support: 3635 / Resistance: 3733	Buy breakout above 3735	+2.5% to +4%
Medium-Term	Bullish if 3830 breaks	Support: 3541 / Resistance: 3831–3960	Accumulate on 3835 breakout	+3% to +6%
Long-Term	Bullish	Support: 3315 / Resistance: 3960–4200	Hold for 4200+ target	+8% to +10%