L&T Poised To Move Towards Rs 3,800 After Trendline Breakout

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(MC)

The Larsen and Toubro (L&T) stock is exhibiting a breakout on the monthly chart, forming higher tops and higher bottoms. Analysts expect the stock to move to Rs 3,800 in the next month and to Rs 4,000 over the next few months. At of 12.53 pm, L&T was trading at Rs 3,509 on the National Stock Exchange, up or 0.5 percent from the previous close.

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