Larsen & Toubro - 4th Dec

Today's Opening - 1341

Today's High - 1351

Today's Low - 1338

Today's Closing - 1340

Lowest closing since 8th May, 2014.

The 20-day Commodity Channel Index has been negative for two of the immediate past sessions.

The 10-day Rate Of Change has been negative for the past four sessions.

The 12, 26-day Moving Average Convergence Divergence has been negative since 23rd Oct.

The 2-day Relative Strength Index has been below 50% since 21st Oct.

The closing has been below the 5-day Exponential Moving Average level for the past two days.


The stock might continue to fall with 1290 as the next strong support level but if 1290 gets taken, then it can be a freefall upto 980. Keep accumulating on dips.

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