LT - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 4.1

Here’s a detailed technical analysis of Larsen & Toubro Ltd. (LT)

📊 Trend Overview

Current Trend: 🔼 Trending Upward

Price is trading above both the 50-DMA (₹3,588) and 200-DMA (₹3,529), confirming a bullish structure.

The 52-week index at 72.2% shows the stock is in the upper range of its yearly movement, recovering well from its low of ₹2,965.

RSI at 63.1 suggests strong momentum, approaching overbought territory.

MACD at 13.9 is positive, confirming bullish crossover and trend continuation.

📈 Moving Averages

50-DMA: ₹3,588 — Short-term support.

200-DMA: ₹3,529 — Long-term support.

Price Action: Current price of ₹3,686 is above both DMAs, reinforcing bullish sentiment.

📉 Momentum Indicators

RSI (14-day): 63.1 — Bullish zone, nearing overbought.

MACD: 13.9 — Bullish crossover, momentum building.

Volume: 16.6 lakh vs 1-week avg of 17.8 lakh — Slightly below average, suggesting mild consolidation.

📊 Bollinger Bands

Price likely near upper band — signals strength but also potential for short-term cooling.

No squeeze pattern detected, but setup favors continuation if volume improves.

📌 Support & Resistance Zones

Level Price (₹) Commentary

Support 1 3,588 50-DMA, short-term support

Support 2 3,500 Previous swing low

Resistance 1 3,750 Minor resistance zone

Resistance 2 3,900–3,964 Trendline and 52-week high zone

🎯 Entry & Exit Zones

Optimal Entry: ₹3,580–₹3,620 — On pullback near 50-DMA.

Exit Zone: ₹3,750–₹3,950 — Resistance zone for profit booking.

🔍 Short-Term Signals

Momentum: Strong — MACD bullish, RSI rising.

Breakout Potential: Moderate — Needs volume confirmation above ₹3,750.

Bias: Bullish — Trend intact, but short-term caution due to RSI.

🧭 Summary

LT is currently trending upward, supported by price action above key moving averages and strengthening momentum indicators. Traders may consider entering near ₹3,580–₹3,620 and targeting ₹3,750–₹3,950 for exits. A breakout above ₹3,750 with volume could signal further upside toward ₹4,000+ levels.

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