Thursday, June 13, 2013



We recommended LT earlier also in Feb at almost same levels to buy. Stock hit all our targets and stock at the same levels(40/- less) again almost. Stock seems to be having trend line support at 1360 levels.Buy the stock at 1365 to 1370 levels with strict SL at 1355.

Stock is moving in a channel forming W W in the channel. This time stock may give breakout of this channel if moves up from these levels to wards out long term targets of 1867 to 2200.

If stock breaks down of this channel, stock may see correction to the earlier lows of 960. This may not happen immediately even if broke the trend line.

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