Larsen & Toubro (L&T) - Potential Breakout?

The chart shows L&T consolidating within a descending trendline. A break above this trendline could signal a bullish breakout.

Key Levels:

Resistance: Trendline, 3,490
Support: 3,400
Stop Loss: Hourly Close below 3,367
Potential Targets:

First Target: 3,673 - 3,709
Second Target: 3,845
Disclaimer: This is for educational purposes only and not financial advice.

What are your thoughts on L&T?

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Please note: This analysis is based on the provided chart and current market conditions. Market dynamics can change rapidly, so it's crucial to conduct your own due diligence and risk management before making any trading decisions.