Technical View – Havells
Havells
is finding support at 470 and resistance at 488. On Daily chart, Havells MACD
& RSI both showing positive momentum which indicates that upside side seems
certain in it. Break and sustain above 488 will see nonstop rally in Havells till
495---505 and then 520++ in weeks to come.
Traders
don’t go for aggressive or positional selling at all because trend looks positive
and we expect rally to remain continue till 520+++mark in coming weeks. For
positional trade, stop loss seeing below 470 on closing basis which in unlikely
to breach in near terms.
Trading Recommendation - Buy Havells above 488 for the
initial upside target of 495—505 and then to 520++ mark with stop loss below 470
on closing basis.
More will update soon!!
