LARSEN & TOUBRO: STOCK PRICE ALERT

LARSEN AND TOUBRO, as we all know, is an essential for any long term Portfolio. Today the scrip closed almost flat at 1634 on the NSE. The long term Charts show good support at 1615 levels on the downside. The first upside resistance levels are at 1705. Rock solid long term support is at 1505 levels.
The Stock can be accumulated by long term investors in the 1550-1610 zone with limited downside risk. Earlier post at http://indianstocks4u.blogspot.com/2011/07/larsen-toubro.html