Alpha Pick - HAVELLS
Buy 1434
Target 1530
Stop Loss 1360
Potential upside 6.69% Timeframe 1-30 days
Rationale During the corrective phase, the stock found strong support near its demand zone, where notable buying interest emerged from lower levels. Technically, the stock has confirmed a falling wedge breakout on the daily chart, indicating improving price structure. Additionally, it has managed to close above its 20-day EMA, suggesting short-term trend strength. The RSI has also entered a bullish crossover, supporting the positive momentum outlook.
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