Panchalk

Multi year breakout from channel

Long
Panchalk Updated   
NSE:LT   LARSEN & TOUBRO
LT is a company which is cash rich, and growing, albeit slowly...it has just BO'd from channel. This is a monthly chart and LT was on my watchlist for some time. targets are marked. But i would not jump into it just yet...let us see what it does in next few days and weeks.
Comment:
Since i posted this chart LT has moved up...from 1768 to 1974...targets 1 2 & 3 are done...but it is a stock that moves slowly...so it might take time before it achieves the other targets
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