Buy LT Finance above Rs 76: Shardul Kulkarni

Dec 04, 2013, 02.16 PM IST

Shardul Kulkarni, Sr.technical analyst at Angel Broking recommends buying L&T Finance Holdings above Rs 76 as the stock may test Rs 83-84.

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Buy L&T Finance above Rs 76: Shardul Kulkarni

Shardul Kulkarni, Sr.technical analyst at Angel Broking recommends buying L&T Finance Holdings above Rs 76 as the stock may test Rs 83-84.

Like this story, share it with millions of investors on M3

Buy L&T Finance above Rs 76: Shardul Kulkarni

Shardul Kulkarni, Sr.technical analyst at Angel Broking recommends buying L&T Finance Holdings above Rs 76 as the stock may test Rs 83-84.

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Shardul Kulkarni, Sr.technical analyst at Angel Broking told CNBC-TV18, "The chart structure of L&T Finance Holdings is quite good. This is one stock which has actually gone through a correction and in the last 4-5 trading sessions, while many other midcap stocks have gone up, this has not gone up. I think going forward there is a possibility of L&T Finance moving higher."

"We recommend buying this particular stock, but above the levels of Rs 76. Once the stock moves above Rs 76 I think one can see substantial momentum in this counter, Rs 73 would be my stoploss on the lower side. I think Rs 83-84 levels can come over the next couple of trading days. So it is time and price correction which we feel is over and going forward an upmove should come about in it," he said.

Action in L&T Finance Holdings

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