Thursday, February 16, 2012

L&T break out above 1470

L&T has taken a strong resistance @ 1468 n fell down to 30's level. i find 3 major reasons behind this fall..
1) 200 sma line
2) touching horizontal band's upper line & failed to cross it
3) touching rising another band shown by white lines.
if L&T crosses 1470, one should buy it for the target 1510 SL below 1440

No comments:

Post a Comment