Imaginary path for Larsen & Toubro (L&T) India
Weekly chart, the stock formed a rising wedge and reached the target.
The technical indicator RSI reached an over-bought zone..
This is my imaginary path for the next 14 months: down zigzag to S1 at around 3030, then up zigzag to R1 at around 4065
Above 3750 for 2 weeks, will void this path, and the stock will target 5750 long-term.
The technical indicator RSI reached an over-bought zone..
This is my imaginary path for the next 14 months: down zigzag to S1 at around 3030, then up zigzag to R1 at around 4065
Above 3750 for 2 weeks, will void this path, and the stock will target 5750 long-term.
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