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L&T Finance Holding Ltd

Buy @76 ,Target 120, Stop Loss of 66


Momentum Buy Pick : -  We have a bullish view on L&T Finance Holdings, On monthly charts we see strong support at 66 level, as there is reversal , prices are making ascending channel pattern from bottom point  52.50 to the upside  120 level.

We advice to accumulate L&T FH at cmp 76 with upside target of 115 -120 and 66 is stop for this trade.  



  • Money Flow : The money flow indicator is ready to give positive breakout from zero level after long time rallying negative below the zero point level  , this is good opportunity to accumulate L&T FH at current market price.
  • RSI Indicator : The RSI Indicator is in positive divergence from oversold level , both the indicator are showing clear buying signal with rising mode.   




(26.02.2014)




L&T Finance Holding (Weekly Chart)



























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