mr-sky

Stock Analysis of Havells Ltd.

Long
NSE:HAVELLS   HAVELLS INDIA
Price - ₹727.90 Dt. - 31-10-2020

Stock is in the uptrend from late May. On a daily chart, the stock is consolidating near the support line placed at ₹709.65. In 2 or 3 trading sessions the stock can take the support of trendline and can resume the up move. Apart from the trend line, the stock will also take the support of 21DEMA. Price if move in the up direction as per the expectation then it can give nice 10% profit in the few weeks. RSI is near the 70 levels.

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