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Price and trend forecast of LT for Tomorrow, Weekly, Monthly

Larsen & Toubro Limited

Symbol: NSE:LT

ISIN: INE018A01030

3,538.05

As on 2024-07-23

2,553.00 (52W Low) 3,919.90 (52W High)

LT's Today's Performance

Larsen & Toubro Limited started the day by opening at 3,669.60 today 2024-07-23. Its shares reached a high of 3,714.00 and dipped to a low of 3,460.00 in intraday. When the markets closed, LT’s stock price settled at ₹3,538.05 per share. Also check out its key support and resistance levels.

LT Buy/Sell Targets

Tomorrow, sell LT when its price reaches ₹ 3,538.05 with a stop-loss order at ₹ 3,604.25. You can set the target price as ₹ 3,471.85 to capture potential gains. This sell position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.

In the sections below, we will discuss detailed share price target of LT for tomorrow's session along with weekly levels. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Down levels for LT

Downside Targets Value in ₹
Tomorrow Down Target 1 3,681
Tomorrow Down Target 2 3,825
Tomorrow Down Target 3 3,935

Important Levels for LT

Holding Levels Value in ₹
Tomorrow Up Target 1 3,427
Tomorrow Up Target 2 3,317
Tomorrow Up Target 3 3,173
Based on where the stock opens tomorrow, if LT opens on a positive note, our first target will be ₹3,681. If Target 1 is achieved, we will aim for Target 2 which is ₹3,825.

But if LT falls below the average value of ₹3,570.68, you can enter a sell side position with target number 1 - ₹3,427 and second target - ₹3,317 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.

Daily Volume chart of LT

Looking at LT, we've seen a Increasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.

In terms of its price, LT has been on a Downward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for LT is moderate bearish.

Tomorrow's Volume based share price Forecast for LT

LT's Volume is currently in a Increasing trend, and Price is in a Downward direction. Therefore, we can say the stock is in a moderate bearish trend. Volume trend strength over the last month compared to the last week is -41%.

Reversal detection for LT

Predicted trend chart of LT tomorrow for price forecast
LT may reverse its trend from downside (Short term bullish outlook) and we can get target of ₹3627 in morning tomorrow
Target 1 tomorrow3668
Target 2 tomorrow3728
Target 3 tomorrow3825
 

Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.

Combine this trend forecast with LT's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.

Based on where the stock opens tomorrow, if LT opens on a positive note, our first target will be ₹3,681.37. If Target 1 is achieved, we will aim for Target 2 which is ₹3,824.68.

But if LT falls below the average value of ₹3,570.68, you can enter a sell side position with target number 1 - ₹3,427.37 and second target - ₹3,316.68

LT's Weekly Targets
1st Up Target 3,681.37
2nd Up Target 3,824.68
1st Down Target 3,427.37
2nd Down Target 3,316.68

As the week for LT ended on bearish sentiments, we can expect further continuation of this sentiment. LT's initial target will be 3,681.37 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 3,427.37 in the upcoming week.

Weekly OHLC Values
Open 3,617.90
High 3,714.00
Low 3,460.00
Close 3,538.05

Week for LT started with an open price of 3,617.90, and the close was at 3,538.05. LT reached the highest of 3,714.00 and dipped lowest up to 3,460.00 last week. This indicates a bearish sentiment for the week.

LT full month swing targets
Monthly Up Target 1 3,935.37
Monthly Up Target 2 4,078.68
Monthly Down Target 1 3,173.37
Monthly Down Target 2 2,808.68

Targets of ₹3,935.37 can be expected to be reached in the coming month. Once LT achieved this target, we can aim for the next upside target of ₹4,078.68.

LT if fails to hold upside, down targets of ₹3,173.37 and ₹2,808.68 can be achieved by end of this month.

For complete three weeks if LT is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.

Related Stocks in the Same Sector as LT

Symbol Name Industry
LT Larsen & Toubro Limited Engineering & Construction
ADANIPORTS Adani Ports and Special Economic Zone Limited Marine Shipping
HAL Hindustan Aeronautics Limited Aerospace & Defense
SIEMENS Siemens Limited Specialty Industrial Machinery
BEL Bharat Electronics Limited Aerospace & Defense

Summary

LT is expected to reach the target of 3,681.37 in tomorrow's trading session.

After achieving the initial target in LT, we will aim for higher targets of 3,824.68 tomorrow.

However, if LT starts to trade below ₹3,570.68, then we will shift our focus to the sell side and aim for down targets of 3,427.37 and 3,316.68.