L&T - SHORT TERM: STRONG, LONG TERM: STRONG, PREVAILING BIAS: NONE
L&T has been falling lately on low volumes. What you have to watch for if you are trading in this stock is that it does not go to 2000. If it does, it could go right back to 1800. So a stop loss at 2000 is warranted
If you have the stock for the long term, it is a good solid business and will remain an institutional peferred stock (but thats for investors not traders)
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