HAVELLS (I)
- Stock moving up from strong trend line support zone @ 250, this will favor bulls.
- Stock also trading above 200 DMA this indicates as long as stock holds above bulls will be favored.
- On upper side Havells will find fibonacci arc resistance around 281, once stock closes and holds above 281 then further strength is expecting.
- Even stock major trend indicator "MACD" is moving in positive zone, this indicates further price rise can be seen in coming days.
- Also See - Reliance industries futures free stock analysis.