Larsen & Toubro Ltd (LT) BUY STOCK OF THE OVERVIEW

 

BUY IT 3628-3633 TGT 3654 SK 3610 INTRADAY  TARGET DONE IT CMP MAKE  3654 

BYT  Larsen & Toubro Ltd (LT) on NSE (15-min timeframe). Let’s break it down with targets, stop-loss, support, and resistance for short-term and medium-term view:

🔎 Chart Observations Price: ₹3,628.90 (slightly bearish bias intraday).

Fibonacci Retracement:

0%: ₹3,654.85 (recent swing high).

0.5 level: ₹3,633.60.

0.618 level: ₹3,628.60 (current price near this).

1.0 level: ₹3,612.35 (recent swing low).

Trend: Short-term downtrend (candles below moving average).

RSI: Near oversold zone, but not fully recovered yet.

📊 Short-Term View (Intraday to 2–3 days) Resistance Levels:

₹3,633 (Fib 0.5).

₹3,655 (swing high).

Support Levels:

₹3,626 (Fib 0.618, current zone).

₹3,612 (recent swing low).

Stronger support around ₹3,600.

Target (Upside):

First target: ₹3,633.

Second target: ₹3,655.

Stop Loss: ₹3,612 (below recent swing low).

➡️ Strategy: If LT sustains above ₹3,628, can expect bounce toward ₹3,633–₹3,655. If it breaks below ₹3,612, then weakness may extend to ₹3,600–₹3,590.

📈 Medium-Term View (1–2 weeks) Resistance Levels:

₹3,680 (previous supply zone).

₹3,720–₹3,750 (strong upside hurdle).

Support Levels:

₹3,600 (major short-term support).

₹3,550 (medium-term base).

Target (Upside):

₹3,680 first.

₹3,720–₹3,750 next.

Stop Loss: ₹3,550 (closing basis).

➡️ Strategy: Stock is in a corrective phase. If it holds ₹3,600–₹3,612 support zone, medium-term upside toward ₹3,680–₹3,750 possible. Break below ₹3,600 may drag stock to ₹3,550.

✅ Summary:

Short-term: Range 3,612 – 3,655. Buy above 3,628 with SL 3,612.

Medium-term: Support 3,600, Target 3,680–3,750, SL 3,550.

Larsen & Toubro Ltd (LT) based on your chart and levels:

🔎 Short-Term Trend (Intraday to Few Days) 📉 Bias: Bearish to sideways

🔑 Reason: Price is trading below moving average, recent candles showing selling pressure, RSI still weak.

🔹 If price sustains above 3628–3633, small pullback possible toward 3650–3660.

🔹 If price breaks below 3612, fresh weakness toward 3600–3590 likely.

📈 Medium-Term Trend (1–2 Weeks) 📉 Bias: Consolidation with mild downside risk

🔑 Reason: Ongoing corrective phase after recent rally; strong base around 3600–3550.

🔹 Holding 3600 is key for any recovery.

🔹 Above 3680, stock can regain strength toward 3720–3750.

🔹 Below 3550, trend turns strongly bearish, opening downside toward 3500.

✅ Overall Trend View:

Short term: Bearish-to-sideways (sell on rise unless 3650+ breaks).

Medium term: Neutral-to-bullish only if 3600 holds and 3680 breaks on upside.