LT An update Feb 11, 2015

This is an update and course correction for the views given on LT in the following post:

http://niftyastrotechnicals.blogspot.in/2015/01/astro-technicals-larsen-and-toubro.html

Let us see how LT is likely to fare in the coming days....

LT has ended its long term correction and is now in a new impulse. Currently we are close to topping out in wave 1. Some correction in wave 2 should bring the stock down. It should be an excellent buy later in the year, for a prolonged rise.

 For the very short term it is a buy, but be careful of overhead resistance at 1740 levels. That should be a temporary top for a second wave reaction.