August 03, 2017
Havells (NSE Cash)
481 - 485
14 - 21 sessions
(Time: 14:15 IST)
Since last couple of months, the stock has been consolidating in a range and has formed a ‘Symmetrical Triangle’ pattern on
the daily chart. In today’s trading session, prices have given a breakout from the pattern with decent volumes. The ‘RSI’
oscillator too, after a consolidation phase, has resumed the positive momentum. The price breakout, supported by the volumes
and positive momentum oscillator is indicating that the stock has resumed its larger degree uptrend. Hence, we are expecting
the stock to move higher in near term.
we recommend buying this stock at current levels and on a correction up to
481 for a target of
520 over the next 14 - 21 sessions. The stop loss should be fixed at
022-3935 7600 Extn: 6554
August 03, 2017
Last 9 recommendations
CMP Target 1 Target 2 Stop-loss
Can Fin Home
3050 - 3065
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165 - 167
141 - 143
808 - 814
154.75 - 156
104.50 - 105.50
583 - 587
1000 - 1009
167 - 168.50
Source: Angel Research
Research Team Tel: 022 - 4000 3600
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