Buy Havells India for target of Rs 590: India Infoline
India Infoline has advised traders to buy Havells India for target of Rs 590.
By ET Bureau |
MUMBAI: India Infoline has advised traders to buy Havells India for target of Rs 590.
“Havells India’s daily chart of the past three weeks suggests formation of distinctive pattern, which signals short-term rally. In fact, the last couple of trading sessions represents a high level bullish congestion area between Rs513-560.
It broke out from this range yesterday. Technically, the stock is showing strength along with the momentum, and given the positive oscillators set-up, the stock could outperform in the short-term.
We recommend traders to buy the stock between Rs 558-563 for a short-term target of Rs 590. It is advisable to maintain a stoploss of Rs 548,” the report said.
Note: Trading idea valid for time period of 1-3 days.
“Havells India’s daily chart of the past three weeks suggests formation of distinctive pattern, which signals short-term rally. In fact, the last couple of trading sessions represents a high level bullish congestion area between Rs513-560.
It broke out from this range yesterday. Technically, the stock is showing strength along with the momentum, and given the positive oscillators set-up, the stock could outperform in the short-term.
We recommend traders to buy the stock between Rs 558-563 for a short-term target of Rs 590. It is advisable to maintain a stoploss of Rs 548,” the report said.
Note: Trading idea valid for time period of 1-3 days.
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