Here's why Osho Krishan is bullish on Larsen & Toubro, Balkrishna Inds

According to the technical analyst from Anand Rathi, LT is in a secular uptrend and currently hovering above all its major exponential moving averages on daily time frame indicating inherent strength

BUY BALKRISHNA INDUSTRIES LTD
TARGET: Rs 2,700
STOP LOSS: Rs 2,440

BALKRISIND has seen firm consolidation at 21-DEMA on the daily chart that also coincides with its previous swing highs and the mean of the Bollinger band suggesting it to be strong support for the counter. On the oscillator front, 14-period RSI is on verge of positive crossover suggesting an early sign for the counter to surge higher. The parabolic SAR affirms the bullish stance for the counter as it is placed well below the price. From a risk-reward point of view, it is recommended to accumulate the stock