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HAVELLS INDIA LTD
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HAVELLS

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  • The stock moved past its prior all time high of 1540 in February.
  • The Monthly MACD also crossed above its Trigger line, confirming resumption of long term up-move.
  • In the past, the stock witnessed at-least 70% gains after MACD crossing its trigger line, so that gives us a minimum expectation of Rs.2600.
  • Bullish outlook remains intact as long as price is above 1500.
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