Trade Spotlight | How you should deal in PNB, Escorts Kubota, L&T Tech Services todayMoneycontrol • 20 days ago
L&T Technology Services has seen a breakout of long downward sloping resistance trendline adjoining highs of January 4, 2022 (record high), and February 12 this year. The stock has formed long bullish candlestick pattern on the daily charts.
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For the Nifty, support is at 21,900-21,850 and, below this, the bears will have a wider room to run riot. The index may face resistance at 22,200-22,300. A decisive close above the zone can take it to record highs, say experts.
The charts of heavyweight stocks, i.e., HDFC Bank & ICICI Bank in Nifty Private Banks index, are exhibiting promising signs, says Sudeep Shah of SBI Securities.
Solar Industries ended at record closing high of Rs 8,855 and formed long bullish candlestick pattern on the daily timeframe, while trading above all key moving averages.
Emkay Global Financial recommended reduce rating on Larsen and Toubro Technology Services with a target price of Rs 5050 in its research report dated January 16, 2024.
YES Securities recommended Neutral rating on Larsen and Toubro Technology Services with a target price of Rs 5447 in its research report dated January 16, 2024.
Motilal Oswal is bullish on Larsen and Toubro Technology Services recommended buy rating on the stock with a target price of Rs 6220 in its research report dated January 17, 2024.