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LTMARKET OUTLOOKSTOCK OUTLOOK

L&T Outlook for the Week (December 18, 2023 – December 22, 2023)

L&T
L&T
L&T closed the previous week on a negative note losing 4.77%.

Technically, L&T share price will see immediate support at 3,380.37 and immediate resistance would be seen at 3,547.27.

If L&T share price closes below immediate support of 3,380.37, then sharp breakdown can be seen. L&T share price will see major support at 3,272.73 for the week.

On the positive side, immediate resistance will be seen at 3,547.27. Closing above 3,547.27, L&T share price will see a sharp breakout. Major resistance for L&T share price will be seen at 3,606.53 for the week.

Trading range for L&T share price for this week should be between 3,213.47 on down side and 3,714.17 on up side.

L&T Previous Week High: 3498.9

L&T Previous Week Low: 3332

L&T Previous Week Range: 166.9 Points

L&T share price support and resistance for the week (December 18, 2023 – December 22, 2023)

Level Type Value
Resistance 3 3,714.17
Resistance 2 3,606.53
Resistance 1 3,547.27
Support 1 3,380.37
Support 2 3,272.73
Support 3 3,213.47
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