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