If you find this technical analysis useful, please like & share our ideas with the community. Coming to the technical analysis of L&T Finance Holdings, we've been seeing the price drop from past few weeks. I think the price gonna drop further down because it didn't find a demand area yet. Last day, after a slight pull back, the price got rejected from 88.35, which was a resistance area. I think the next stop of the price would be 86.00, which is a good support area and that could be the area where we could expect some buys. So until the price reaches that area, don't try to buy the stock.
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
What do you think is more likely to happen? Please share your thoughts in comment section. And also give a thumbs up if you find this idea helpful. Any feedback & suggestions would help in further improving the analysis.
Good Luck!
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.