Havells breakout of fallen trendline
Updated
Buy for target of 1231.
Good fundamentals
High Management Efficiency with a high ROE of 18.65%
Company has a low Debt to Equity ratio (avg) at -0.28 times
Healthy long term growth as Operating profit has grown by an annual rate 15.24%
High Institutional Holdings at 32.99%
These investors have better capability and resources to analyse fundamentals of companies than most retail investors.
Good fundamentals
High Management Efficiency with a high ROE of 18.65%
Company has a low Debt to Equity ratio (avg) at -0.28 times
Healthy long term growth as Operating profit has grown by an annual rate 15.24%
High Institutional Holdings at 32.99%
These investors have better capability and resources to analyse fundamentals of companies than most retail investors.
Trade active
2nd Target after 1231 will be 1376Note
Picture to abhi shuru huee haiTrade active
1st Target reached 2nd target 1376 if not bought can buy for higher levelsTrade active
Hold for higher targets of 1438, 1569 & 1735Trade closed manually
targets 1438 achieved, not great results, exiting
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