: Rs 730-735
has been consolidating for the last four months, taking a breather after a phenomenal run. It has formed a base after hovering around the support of medium-term moving average (100 EMA) on the daily chart and looks all set for a rebound now. The chart pattern and confirmation indicators are also in sync with the view. Traders shouldn’t miss the opportunity and create fresh longs in the mentioned zone.
: Havells has been trading in a corrective phase, after a vertical move from 445 to a new record high at 1,231.9. It is currently trading around the support zone of medium-term moving average (100 EMA) on the daily chart and indications are in the favor of a strong surge in near future. We suggest accumulating in the given range.
: Rs 1,450-1460
: Titan has been seeing profit-taking, after its failed attempt to cross the resistance zone of a record high in April. It has rebounded marginally of late but couldn’t surpass the resistance zone around 1,480 and formed a fresh shorting pivot. We, thus, advise initiating short positions in the mentioned zone.