Buy Havells India for target of Rs 625: India Infoline
India Infoline has advised traders to buy Havells India for target of Rs 625.
By ET Bureau |
MUMBAI: India Infoline has advised traders to buy Havells India for target of Rs 625.
“Havells India has seen impressive volume expansion in last few trading sessions and appears to have taken support between Rs 565-568 range. It could bounce till somewhere between Rs620-625 levels in the near term.
Our argument is further validated after the stock recovered from the low of Rs 585 in yesterday’s session with strong volumes. Any move above Rs 600 could take the stock towards Rs 625 and higher in the short-term.
Traders are advised to maintain a stoploss of Rs 584 and go long. Book partial profit around Rs 620 and exit around Rs 625 levels,” the report said.
Note: Trading idea valid for time-period of 1-3 days.
“Havells India has seen impressive volume expansion in last few trading sessions and appears to have taken support between Rs 565-568 range. It could bounce till somewhere between Rs620-625 levels in the near term.
Our argument is further validated after the stock recovered from the low of Rs 585 in yesterday’s session with strong volumes. Any move above Rs 600 could take the stock towards Rs 625 and higher in the short-term.
Traders are advised to maintain a stoploss of Rs 584 and go long. Book partial profit around Rs 620 and exit around Rs 625 levels,” the report said.
Note: Trading idea valid for time-period of 1-3 days.
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