Technical Pick – L&TFH
•L&TFH is finding support at 195 and resistance above 208.
•On Daily chart, L&TFH is showing breakout point above 208 level.Break and sustain above 208 will see nonstop rally in L&TFH till 220--226++ in weeks to come.
•L&TFH finance has been trading in a broader range of 81--208 for last one year.
•MACD showing positive momentum which indicates that upside side seems certain in it.
•Traders don’t go for aggressive or positional selling at all because trend looks positive and we expect rally to remain continue till 220--226+++mark in coming weeks.
For positional trade, stop loss seeing below 195 on closing basis which in unlikely to breach in near terms.
Trading Recommendation(06-09-17)
Buy L&TFH above 208 and for the initial upside target of 220--226++ mark with stop loss below 195 on closing basis.
More will update soon!!
