HAVELLS has given a close at 1038.50.
This stock has broken out of a range which was trading in a range since April. This
breakout is a good decisive UP bar with a 6.20 % UP decision bar. One can
initiate a long position in this stock at CMP. It would be a useless exercise
to predict the targets as this stock has entered into an unchartered territory.
It can go to any extent as long as rally and uptrend is intact. Still those who
love the figures
can expect the levels like 1065 and 1095. A closing basis Stop
Loss must be maintained at 1005.
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