Prakash Gaba of prakashgaba.com told CNBC-TV18, "Larsen and Toubro (L&T) has gone into expansion and contraction mode. It got expanded on the downside; the upmove has started two months back. This upmove will last for a couple of months."He further added, "It is trading at Rs 1,490 now. Technical target is Rs 1,767. It is quite huge but it may take its own time. One can continue holding it."
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