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Discussion in 'Technical Analysis' started by siva934127, Jan 6, 2014.

  1. siva934127

    siva934127 Member

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    Today I bought the stock L&T based on the news.

    Purchased price : 1020

    Please let me know your views for short term only.

    Thanks,
    Siva.
     
    siva934127, Jan 6, 2014
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  2. yankeedin

    yankeedin Responder

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    as per me 950 to 1000 range is strong support zone as per charts..if breaks 950, exit. I assume it will not break 1000.
     
    yankeedin, Jan 6, 2014
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  3. shabbir

    shabbir Administrator Staff Member

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    What news?
     
    shabbir, Jan 6, 2014
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  4. saptarshi_sachin

    saptarshi_sachin Responder

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    I guess this is the news regarding L&T that came in today.

    Larsen & Toubro Ltd has informed BSE regarding a Press Release dated January 06, 2014 titled "L&T Construction Wins Orders Valued Rs. 2962 Crs". L&T Construction has won new worth Rs 2962 crore across various business segment.

    By the by, L&T has strong support at 980-1000 :)
    You've entered @1020 which is a fair level. Hold it with stop@950 if you're into L&T for very short term.
     
    saptarshi_sachin, Jan 7, 2014
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  5. kaisarimam96

    kaisarimam96 Member

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    I think LT is good buy around 900 previous resistance may act as support
     
    kaisarimam96, Jan 7, 2014
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  6. siva934127

    siva934127 Member

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    Larsen & Toubro Ltd has informed BSE regarding a Press Release dated January 06, 2014 titled "L&T Construction Wins Orders Valued Rs. 2962 Crs".
    L&T Construction has won new worth Rs 2962 crore across various business segment.Source : BSE


    Thanks,
    Siva.
     
    siva934127, Jan 7, 2014
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  7. shabbir

    shabbir Administrator Staff Member

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    Charts will tell you about news and it should not be other way round. I don't even open those entertainment channels.

    As of now no I would not get into this stock and this news could be to make the fall in the stock to take some support.
     
    shabbir, Jan 7, 2014
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  8. vishuhd1

    vishuhd1 Member

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    Its in a downtrend.. Better to come out of this very soon.. 980 is the first support.. If this breaks, then the stock can slide to levels of 950.. :-(
     
    vishuhd1, Jan 9, 2014
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