Mukadam

Havells breakout of fallen trendline

Long
Mukadam Updated   
NSE:HAVELLS   HAVELLS INDIA
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.
Trade active:
2nd Target after 1231 will be 1376
Comment:
Picture to abhi shuru huee hai
Trade active:
1st Target reached 2nd target 1376 if not bought can buy for higher levels
Trade active:
Hold for higher targets of 1438, 1569 & 1735
Trade closed manually:
targets 1438 achieved, not great results, exiting
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