Stock of the day : Buy Havells India Ltd For Target Rs.1,400 - Religare Broking Ltd
Havells India Ltd
* HAVELLS has been in a steady uptrend from last 8 months, trading in an upsloping parallel channel.
* Formed the base while holding above the support zone of medium and long term moving average i.e. 100 and 200 DEMA.
* The price pattern combined with the uptick in volumes indicates bullish tone to continue.
* We thus recommend creating fresh longs in the mentioned zone.
Buy Havells India Ltd CMP 1320.85; Range 1315-1320; SL 1280; Target 1400
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