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LTMARKET OUTLOOKSTOCK OUTLOOK

L&T Outlook for the Week (May 20, 2024 – May 24, 2024)

L&T
L&T
L&T closed the previous week on a negative note losing 7.21%.

Technically, L&T share price will see immediate support at 3,291.98 and immediate resistance would be seen at 3,542.73.

If L&T share price closes below immediate support of 3,291.98, then sharp breakdown can be seen. L&T share price will see major support at 3,133.22 for the week.

On the positive side, immediate resistance will be seen at 3,542.73. Closing above 3,542.73, L&T share price will see a sharp breakout. Major resistance for L&T share price will be seen at 3,634.72 for the week.

Trading range for L&T share price for this week should be between 3,041.23 on down side and 3,793.48 on up side.

L&T Previous Week High: 3475.95

L&T Previous Week Low: 3225.2

L&T Previous Week Range: 250.75 Points

L&T share price support and resistance for the week (May 20, 2024 – May 24, 2024)

Level Type Value
Resistance 3 3,793.48
Resistance 2 3,634.72
Resistance 1 3,542.73
Support 1 3,291.98
Support 2 3,133.22
Support 3 3,041.23
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