#LT: Larsen & Toubro has recently completed wave 4 at ₹3175 and is now advancing towards wave 5, which is projected to reach ₹4245 as part of a millennium impulse. The longer-term impulse structure indicates a target of ₹5200 on the charts. Dips in the stock towards the ₹3200-3300 range could present a good positional opportunity aiming for ₹4245-5200 over the next 24 months. The outlook remains positive with a positional stop-loss at ₹2855.

Disclosure: This is not a buy or sell recommendation. The chart is shared for educational purposes only.