The stock of Larsen & Toubro (L&T) rallied 2.2 per cent on Friday and closed the week above the resistance at ₹3,700. The price is also comfortably above 21- and 50-day moving averages. Thus, the outlook for the stock is bullish. The scrip has the potential to hit ₹3,950 in the short run.
That said, when it reaches ₹3,850, there could be a consolidation before moving up to ₹3,950. Considering the above factors, traders can buy the stock of L&T now at ₹3,731 and accumulate if the price dips to ₹3,675. Place initial stop-loss at ₹3,600.
When the price hits ₹3,850, revise the stop-loss to ₹3,780. Tighten the stop-loss further to ₹3,850 when the price touches ₹3,900. Book profits at ₹3,950.
(Note: The recommendations are based on technical analysis. There is a risk of loss in trading.)
Published on September 29, 2025