July 20, 2016
Havells (NSE Cash)
366 - 363
14 - 21 sessions
Source: Falcon (Chart Time: 10:30 IST)
Since last couple of months, the stock has been consolidating in a sideways range. We are reading this
consolidation as time correction within an uptrend. The ‘SuperTrend’ indicator is in ‘Buy’ mode and has acted
as support in this consolidation phase. The ‘RSI’ oscillator is indicating positive momentum in near term. As
the volumes in today’s session are good with upmove in prices, we are expecting resumption of the uptrend
in the stock.
traders are advised to buy the stock at current levels and on declines up to
363 for a
390 in next 14 - 21 sessions. The stop loss for the trade set-up can be kept at
July 20, 2016
Last 8 recommendations
Recom. Buying/Selling Range CMP Target 1
310 - 313
M & M
1474 - 1468
900 - 912
408 - 411
228 - 225
Source: Angel Research
Research Team Tel: 022 - 4000 3600 (Extn. 6552/54) Website:
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