Aditya Birla Money is bearish on Larsen and Toubro (L&T) and has recommended sell rating on the stock with a target of Rs 1570 in its April 1, 2011 research report.
"Prices rallied well above the resistance level of Rs 1683 initially however sold off and settled in negative territory finally last session. Weekly MACD (12/26/9) is still below its signal line indicating that medium-term down trend is still in force while the daily Stochastic (14/3/3) has just made a bearish crossover in the overbought territory.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
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