Sell L&T Futures, says Shardul Kulkarni

Sell L&T Futures with a stoploss of Rs 1645, says Shardul Kulkarni, Sr Technical Analyst of Angel Broking.

Kulkarni told CNBC-TV18, "We have seen that L&T has given us a good bounce in the last few trading sessions but unfortunately has given a fresh head & shoulder breakdown on the hourly charts. We would recommend selling L&T Futures with a stoploss of Rs 1645 and a target price of Rs 1570 in the next 2-3 trading sessions."