L&T Finance Ltd – 1D
Trend:
Recovery after downtrend (pullback phase)
Key Levels:
Resistance – 309 / 329
Support – 282 / 272 / 255
Price Action:
After a sharp decline, price has formed a base near 234–255 and is now showing a steady higher low structure. Current move is a pullback into the supply zone around 300–310, where previous rejection is clearly visible (marked zones). Momentum is improving but still inside a broader resistance band.
Expected Move:
Break & sustain above 309 → upside continuation towards 329
Rejection near 300–309 → pullback towards 282 / 272
Verdict:
Pullback rally into resistance — confirmation only above 309
Disclaimer:
I am a SEBI Registered Research Analyst. This content is purely for educational and informational purposes only. It does not constitute investment advice or recommendations. Please consult your financial advisor before making any investment decisions.