L&T (Larsen & Toubro) – Critical Support Test! **⚠️ L&T (Larsen & Toubro) – Critical Support Test! 🚨**
🔍 **Range-Bound, But For How Long?**
L&T has been stuck inside a **broad consolidation zone** between **₹3,237 (support)** and **₹3,887 (resistance)** for months. Now, price action is testing the lower boundary – a **break below this could trigger a sharp fall!**
📉 **Why This Support is Crucial?**
✅ **Multiple Tests of ₹3,237 – Buyers Holding, But Pressure Building**
✅ **Trading Below 44-SMA (₹3,865) – Bearish Bias Growing**
✅ **Breakdown Below ₹3,237 Could Lead to ₹3,000 or Lower**
📊 **Key Levels to Watch:**
🔹 **Resistance:** ₹3,865 - ₹3,887 (Upper Box Limit)
🔹 **Support:** ₹3,237 (Lower Box Limit) – Break Could Accelerate Selling
💡 **Trading Plan:**
🔻 **Failure to Hold ₹3,237 → Bearish Breakdown**
🔻 **Reversal with Strong Bounce → Possible Move Back to ₹3,600+**
🔻 **Watch Volume & Price Action for Confirmation**
⚠ **BIG MOVE COMING – Will Support Hold or Break?** 🔥👀
