Titan, Havells, Varun Beverages: How to trade these stocks amid results buzz?

[ad_1]

Bulls dominated Dalal Street, as key benchmark indices extended gains for straight sixth session on Tuesday, ahead of the outcome of the two-day Fed monetary policy meeting. The BSE Sensex gained 242.27 points, or 0.40 per cent, to close at 61,354.71. The NSE Nifty rose 82.65 points, or 0.46 per cent, to settle at 18,147.65.

Havells India is showing a bottom out with an Inverse Head and Shoulder formation. The stock is facing neckline resistance at the Rs 1,250 level; above this, one can expect a long run-up towards the Rs 1,300 level. On the downside, the Rs 1,200 level is major support at any correction, while Rs 1,190 is the next critical support level. Momentum indicators are positively poised to support the current strength.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Business Today.)

Also read: ACC, Ambuja Cements shares: What analysts say on two Adani group stocks post March quarter results

[ad_2]

Source link