L&T can cross Rs 2000

Published on Tue, May 29, 2007 at 16:14 |  Source : Moneycontrol.com

Updated at Tue, May 29, 2007 at 17:42  

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Rajat K Bose, Technical Analyst

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Larsen and Toubro |

Technical Analyst, Rajat K Bose is of the view that Larsen and Toubro , L&T can cross Rs 2000 in short period of time.

Bose told CNBC-TV18, "L&T already posted a breakout and after that the movement is also carried forward to today's session and this is definitely looking pretty much positive. It also has a good upside left because L&T's chart structure is even better than BHEL . If things go well for the market and L&T maintains its momentum then Rs 2000 plus levels are possible even in a short period of time."

He further added, "BHEL initially went up to about Rs 2888 and after that it corrected and again it sort of firming up. I feel that thid is heading for Rs 2950 to kind of Rs 3000 levels." 

  

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