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| Item Details | Price | ||
|---|---|---|---|
Stock name: Larsen and Toubro
Pattern: Huge volume breakout
Time frame: Daily
Observation: L&T had been facing a resistance at 1590 levels for sometime and then later after the breakout of the said level, the earlier resistance now started acting as a support. This support was recently broken but the stock had reclaimed the level on the back of huge volumes. The stock may continue its upward journey as the volume participation at the support was good.
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Disclaimer: This analysis is purely for educational purpose and does not contain any recommendation. Please consult your financial advisor before taking any financial decision.
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