FOLLOW UP LT

On http://kolhapuritrader.blogspot.com/2011/10/larsen-toubro-l-view.html 27 Oct. it has been mentioned that, "  As shown in chart 2 above there is positive divergence, so in short term looks like it will target 1400-1450-1500." After making high of 1429 on 31 Oct it reverted back.

Also in the same post it has been mentioned that " So from above chart it is clear that LT made HEAD N SHOULDER PATTERN on weekly chart, and broken down the neck line on 23/9/11 (weekly closing basis). The target for this pattern comes to be 1200. So looks like it will fall to 1200." Today it made low of 1182.50 and closed at 1189.25 thus long term target of head and shoulder pattern reached.

LT GAP

Now it may try to fill the ELECTION GAP created on 18 may 2009

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