HAVELLS have 3 factors weighting on its up-move in coming days. 1. It is currently at 78% fibo level from last swing high which is acting as resistance. 2. 688-692 is important resistance level respected for last 2 years 3. It has been consolidating (lose ascending triangle) in last 15-18 days.
Breakout above 692-693 can result in good move and it able to sustain above 700, then can be a good pick for positional as well. NIFTY trend in up coming days will also govern its movement. Watch other ideas AMBUJACEM, TCS & TITAN which are also high probable setups.