HAVELLS IND LTD. - FUNDAMENTAL VS TECHNICAL ANALYSIS

22 Jan 2020

HAVELLS

First will have a look into the fundamentals of the stock on QOQ,
The Q3 result of HAVELLS is quite compromising to investors, the peoples interested in consumer sector line.
Net Sales - QoQ Growth in quarter ended Dec 2019 is 1.82% vs -17.82% in Sep 2019
Operating Profit (PBDIT) excl Other Income IS 14.5%
Consolidated Net Profit - QoQ Growth in quarter ended Dec 2019 is 12.09% vs 1.37% in Sep 2019
Latest dividend: Rs. 4.5 per share. Ex-Dividend Date: Jul-18-2019, DIVIDENS YIELD IS 0.73 % (Source: Bloomberquint)

As per technical the stock is almost completed the correction, but still we can wait to reach the zone to accumulate for positional or long term investment.
Q3 result might be quite impressive to invest in, but still technical side we could expect little bit down to complete the 5th wave in primary also completes the trendline (4th wave).
levels are to accumulate 545 to 575 stoploss level is below 510, for longterm targets have arrived through technical by elliotwave, the correction is happening now is the 4th wave of cycle and impulsive (5th) wave target
is 1150 to 1200.
let us wait and see, what market has for us.

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10 Apr 2020

Trading ditutup: target tercapai