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Ashish Ghosh is a NCFM certified research analyst for the global and Indian financial markets. With more than 15 years of experience in the capital market, Ashish has been published in high-profile online media regularly. He holds a B.Sc. in Math along with NCFM certification for Technical and Fundamental analysis. Presently, he is working with iForex as a financial analyst/content writer since 2017, analyzing mainly the global and Indian markets. You can reach him through Gmail/telegram ID: asisjpg

Monday, 25 July 2016

Havells: 385-395 May Be A Good Supply Zone Despite Good Q1FY17 Result

Trading Idea: Havells

 CMP: 376

 Sell on rise around 380-390 Or around 410-420

 TGT: 360*-348-338-320-310*-294-285-260* (1-3M)

 TSL> 395 OR > 425
Note: Consecutive closing (3 days) above 395 area for any reason, Havells may rally further towards 410-420 zone, which may again offer good supply and sustaining above 425, it may further rally to 440-465 area in the near to mid term (alternative bullish case scenario from the current trading level).

Any one who is long on the stock, may watch the 369-360 zone also on the downside.

Q1FY17 result to be updated----


Analytical Charts:









Article Courtesy: Frontiza.com



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