L&T at Rs 1493 is a splendid large-cap well underpriced. Scrip has bottomed out and crossed all EMAs and resting with consolidation on 20D EMA. All other EMAs have crossed favourably and are in order. Volumes are good and indicative of a bullish rise soon. Company's order book position and profit margins have improved. It is one of the very few infra-structure companies available with an excellent goodwill, reliability and capability of executing orders of any nature and value. Buy with a stoploss of Rs 1423.
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bearishbull1968
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yes i agree with your views i am also having similar view and waiting for a breakout