Exit from L & T ..Short July Futures

L&T :Exit from L & T...  it is trading at highly over bought zone ..

Pull back is due ...so it must follow the rule   that it must move with trend and current  short term trend is Bearish. 

Means You can easily  accumulate the L& T  at lower levels.. 

RSI crossed above 70, STOC (Stochastics) reached 100, which is an indication that the stock is in overbought zone.MACD histogram turned red inviting Bears market took U turn so it is  the time to short it  for nice gains .

Short JULY futures  below 1840, 

for target:   1823>><<1809>><<1790>><<1774>>>>>

Buy PE 1800 July at 41... .42  Lot size 200

we are not favoring the sl ...contact us if u are entering in trade ... msgr is  kailash123p@yahoo.co.in

Cheers

Santosh

+91 9000838340