theta decay idea with a Support and resistance setup
as there is lot of resistance at 520 for havells so in this trade setup we short 530ce@ 4.20 with no major news in offing.
Havells at Rs 442 has crossed MAs and is attempting to thrust upwards the previous two tops.
Next resistance level appears to be Rs 480 for short term and Rs 530 for medium term.
Buy and book profits accordingly and keep some in your portfolio.
Fundamentally, it is growing with a wide range of products and with acquisition of Lloyds, is soon embarking upon...
