HAVELLS
- The stock moved past its prior all time high of 1540 in February.
- The Monthly MACD also crossed above its Trigger line, confirming resumption of long term up-move.
- In the past, the stock witnessed at-least 70% gains after MACD crossing its trigger line, so that gives us a minimum expectation of Rs.2600.
- Bullish outlook remains intact as long as price is above 1500.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.