L&T Financial Holding Short to Long Term View

L&t Financial Holding:- As we have discussed earlier last year in November, this stock has shown some bullish momentum in the price and moved higher. Currently, the stock is trading at 127.25. 127 was our expected level.

Again we are getting bullish signals in this stock. That can continue the bullish momentum in the stock.

i) An Inverted Head and Shoulder formation. That signals the bullishness in the stock.

ii) The GOLDEN CROSSOVER in the stock. Golden Crossover takes place when the 50 EMA crosses above the 200 EMA (BULLISH CROSSOVER). This crossover indicates that the preceding downtrend has bottomed out and the new trend (uptrend) has taken place. It is the starting of an Up Trend.

iii) The stock is just at the verge of the 50 and 200 EMA crossover.

iii) Second trend Following Indicator MACD is also showing a bullish crossover.

iv) Heavy buying volumes signals the increasing buying interest in the stock.

v) The delivery based buying in this stock is continuously increasing in this stock for the last 1 months and expected to be increased in the future.

vi) Company has declared good quarterly result yesterday.

So all these positive signals indicate that the stock has the potential to move higher.

This stock can deliver a good return in Long Term.

For Short Term Trader and Investor 124 and 137 level will be an important level to watch. After this 157-160 will be an important level.

Stock may fall in the short term but will be a good buy opportunity for long term investment.