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Havells India Ltd

Discussion in 'Technical Analysis' started by sachinmore08, Sep 9, 2012.

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  1. sachinmore08

    sachinmore08 New Member

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    It is looking very attractive at CMP of 575 with SL 555...what say guys ?
     
    sachinmore08, Sep 9, 2012
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  2. sujan4bw

    sujan4bw Member

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    It has got resistance range from 600 - 615.
    check out volume and pattern above 620 in case you want to take position.
     
    sujan4bw, Sep 9, 2012
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  3. shabbir

    shabbir Administrator Staff Member

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    Why do you think it looks good at around 575?
     
    shabbir, Sep 9, 2012
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  4. sachinmore08

    sachinmore08 New Member

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    Well I hv simple reason as I see it broke out from its previous resis level of 555 and also crossed upper bolinger band with MACD showing +ve divergence ...thats why it may hv 15-20 Rs potential in upward direction with strict SL of slightly below 555.
     
    sachinmore08, Sep 10, 2012
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  5. sachinmore08

    sachinmore08 New Member

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    So do you want me to consider side way price moment between date 03-07-12 to 17-07-12, which is around 580 as one of the resistance level ? If yes then breakout above the 613 will be good buying opportunity , right ?
     
    sachinmore08, Sep 10, 2012
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  6. shabbir

    shabbir Administrator Staff Member

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    There is sideways movement since March between 500 and 600 levels and so it is expected to continue unless it breaks out above 600 or breaks down below 500.

    Support is around 530 and so Stop loss of 555 would not be wise either.

    So I think if you want to enter in this stock with an anticipated breakout then you should have stop loss of 530.
     
    shabbir, Sep 10, 2012
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  7. sujan4bw

    sujan4bw Member

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    Breakout in Havells which was trading betw 500 - 600 from long time. So keep it in your watch list.
     

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    sujan4bw, Sep 30, 2012
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  8. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    Yeah should be in watch list for coming right now it is having good resistance and if manage to sustain then it will be a good call.
     
    sanjay_sansanwal, Oct 1, 2012
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  9. sujan4bw

    sujan4bw Member

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    Breakout in havels........it is trading at 655 now. it was in consolidation phase for long time.
     
    sujan4bw, Oct 3, 2012
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