L&T Finance Holdings Technical Analysis: Sell | Target Rs 107 | Arijit Banerjee

Sell Range121 – 115
Target107 – 104.5
Duration15 – 20 Trading Days
Potential Return^7 – 10%
CP#IdeaSell RangeTargetStopLoss*DurationPotential Return^
115.55SELL121 – 115107 – 104.512515 – 20 Trading Days7 – 10%

# CP – closing price on Dec 05, 2019
* Maintain recommended StopLoss by daily closing basis.
   Once 1st target hit, reset StopLoss at 111.
^ The returns are calculated based on CP#


L&T Finance Holdings Ltd is a nonbanking financial institution offering a diverse range of financial products and services across corporate, retail, wholesale finance sectors, infrastructure finance sectors, investment management services etc. through its wholly-owned subsidiaries, viz., L&T Finance, L&T Housing Finance, L&T Infrastructure Finance, L&T Investment Management and L&T Capital Markets Ltd. Headquartered in Mumbai, the company has diverse clients which include individual retails, large companies, banks, SME etc. In Q2FY20 the company’s net income was improved by 12% to Rs. 3,611.31 crore and Net Profit dropped by 68.79% YOY to Rs.174.51 crore.

Stock Data
Sectoral IndexFinancial Services
52W High159.25
52W Low78.6
Face Value10
Relative Performance_L&T Finance vs Nifty Financial


  • On a weekly chart, the stock has been trading in a downward sloping channel over the last two years and it seems that it could continue with its ongoing move.
  • The long term trend and the broader pattern are bearish and any reactive pullback might be temporary in nature.
  • Current price is near the resistance and the past evidence indicating an opportunity for a SELL trade.
L&T Finance Holdings Weekly Chart
L&T Finance Holdings Weekly Chart


  • The stock has formed Bearish Engulfing candlestick near the top, which is a bearish reversal formation. Usually, this type of candlestick suggests the bear has taken control of a security’s price movement from a bull.
  • RSI (14) moves below the horizontal 70 reference line, which is seen to be a potentially bearish setup.
L&T Finance Holdings Daily Chart
L&T Finance Holdings Daily Chart


Based on our short term tips for share trading, L&T Finance share price target will be 107 – 104.5 in the next few days.

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1)  It’s advisable not to enter/exit beyond the recommended range.
2)  Strictly follow the StopLoss as mentioned. Honour it.
3)  Use trailing StopLoss to retain profits.
4)  Diversify trading capital into our other technical recommendations.
5)  Risk only the money what you can afford to lose. Hedge accordingly.


The research analysis is prepared by Arijit Banerjee, CMT, CFTe. He is a veteran trader and an active investor having in-depth knowledge in financial market research, advanced technical analysis, market cycle, algorithmic trading and portfolio management. Arijit is a Chartered Market Technician (CMT) accredited by CMT Association USA, the leading global authority of Technical Analysis and has been honoured by Certified Financial Technician (CFTe) from the International Federation of Technical Analysts, USA. SEBI, the regulatory body of Indian financial market also recognizes him as a Research Analyst (INH300006582).


The views expressed herein are based solely on information available publicly/internal data/other sources believed to be reliable, but is not necessarily all-inclusive and is not guaranteed as to accuracy. The recommendations provided herein is solely for informational purposes and are not intended to be and must not be taken alone as the basis for an investment/trading decision. Trading and investing are subject to market risk and the securities discussed and opinions expressed herein may not be suitable for all investors. To read the full disclosure, please click here.

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