Havells India can test Rs 633: Jaiswal

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Havells India can test Rs 633: Jaiswal

Havells India can test Rs 633, says Manas Jaiswal, Associate VP, Technical Analyst at Motilal Oswal Securities.

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Excerpts from Midcap Radar on CNBC-TV18 Watch the full show » ALSO READ See previous views by Manas Jaiswal See what other Experts & Brokerages are saying about Havells India See messages about Havells India Havells India BSE | NSE 30/05/12 Are Mutual Funds betting on Havells India?

Havells India can test Rs 633, says Manas Jaiswal , Associate VP, Technical Analyst at Motilal Oswal Securities.

Jaiswal told CNBC-TV18, "Havells is looking very strong because after making a high of around Rs 633, it is consolidating in the range of Rs 550-600. So I think its time to buy because on the weekly chart oscillators are in the oversold zone. So the stock is ready for next move and it can test the recent high of Rs 633."

Disclosure: I do not any position in the above stock.