L&T in near very crucial trend line support around 1230-1240 zone which can be make or break level in short term, plus 100 day EMA is currently at 1210 which can also provide very good support, so if L&T doesn't close below the channel and maintains 100 EMA then chances will that it will move back towards upper resistance zone of 1340-1360, But if it fails to hold on to support zone then may see all the way towards next support zone of 1100-1120. Once can take position accordingly.