Larsen

Larsen and Toubro completed a triangle that is most probably wave 4 and now wave 5 is starting upwards. Break out above 1410 would bring it above the moving averages and out of the triangle. Wave 5 would involve retesting the highs. The Elliott wave Structure shows wave 1 to be a leading diagonal and wave 3 is exactly 161.8% of wave 1. therefore presuming that wave 5 will not extend and 5=1 is at 2070 as a possible goal post.