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
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Cheers
Santosh
+91 9000838340
