The Major trend of the stock is up ,still it has not violated the Higher High and Lower High
so one can expect the stock will bounce back on 462.45 if it fails to bounce back then it will head to 455.85 where historically it is good support level , and it should bounce back form this level if fails on 462
One can look for rebounding to up ward and ride Nearly...
as clearly seen in chart stock is in extremely strong uptrend. stock has broken its multiple tops trend yesterday with good volume.trades can be taken with 440 as sl for 460, 500 levels(positional).
one can accumulate it for long term as well
The stock has had a very good rally.
Now it is above the previous swing high but below the major swing high ( which the previous high couldn't reach to ) that occurred in October last year which is a major barrier for it to move higher.
Watch how it behaves from here and trade accordingly.
We need to identify setups before the moves happen.
Enter Close above 446 for Target of 452/454 with SL 442 for day trading only if price fails to Close above 446 then you can look for suitable selling
Cheers
havells has shown long legged doji with slight increase in volume. hourly chart truestrength indicator is showing turn around, buy for the pull back upto 424
Fundamentals-
1)Market leader in the space.
2)Expanding aggressively(Entered baby care segment).
3)Excellent sales/growth/profit figures.
4)Virtually no debt.
CMP-425(19th Feb'2017)
1st target-500(6 months)
Disclaimer : I am a private trader who is just expressing his views. These are just my opinions and i am not giving any kind of free or paid calls. I am...
