This is a structural update, not a directional call.
🔍 Overview
As part of the NIFTY 750 – Structure Census, Larsen & Toubro is reviewed on the monthly timeframe, focusing strictly on long-term price structure derived from the earliest reliable data.
🧱 Structure Position
• Structure assessed from earliest reliable data
• Impulse → correction → impulse sequence observed
• Post-2009 structure shows persistent higher-base rebuilding
• Current price action reflects a continuation phase within the broader impulse leg
🌍 Market Context
L&T’s structure reflects a capital-intensive, cyclical business transitioning through multiple economic regimes while maintaining long-term structural progression.
📐 Key Zones & Levels
• Long-term rising structural support remains intact
• No structural breakdown observed at higher timeframes
• Price currently operating in higher-value territory of the broader structure
🔄 Expected Behaviour
• Consolidation or continuation is structurally acceptable
• Momentum pauses do not invalidate the higher-timeframe structure
• Trend integrity depends on preservation of long-term support
🚫 Invalidation / Risk Levels
• Sustained violation of long-term rising support would signal structural reassessment
• Until then, structure remains constructive
🧾 Conclusion
Larsen & Toubro continues to exhibit a well-formed impulse–correction–impulse structure, consistent with long-term structural expansion rather than exhaustion.
https://www.tradingview.com/chart/LT/87npwLUZ-NSE-NIFTY-750-Larsen-Toubro-04-Feb-2026/
#NIFTY750 #EquityStructure #MarketStructure #IndianEquities #LongTermCharts #StructuralAnalysis #EWAVESJOURNAL
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