A Company of CNX100/CNX 500/MIDCAP
ISIN CODE INE544A01019

Face value – 10.00
Market lot – 1
Turnover in Rs.Lakhs – 428.14
Total traded quantity – 551295
52 Week High/Low – 113.80 / 27.15

Current Price – 82
Current Trend: POSITIVE BIAS

Support: 66, 50
Resistance: 110, 135

Stop Loss – 65
Target – 110

Technical Report:

Technically HARRISONS MALAYALAM LTD. (NSE: HARRMALAYA) looks to be bullish as good recovery is expected till the level of 110 and above.

All important indicators are making HARRMALAYA a bullish stock. Trend reversal had occurred from the level of 40. Good recovery is expected till the level of 110.

If HARRMALAYA manage to trade and sustain above the level of 82 more recovery is expected till the level of 110.

MACD are giving buy signal to this stock. Here 20DMA are crossing the 200DMA from down, which is supporting the MACD signal of buying. Even the trade is heading towards bullish trend.

MFI is at over bought level, which is showing positive trend, more buyers is expected to come at this level.

Even increased in volume are also giving bullish signal to this stock.

Our recommendation is to go long (buy) in HARRMALAYA. Buy HARRMALAYA above the level of 82 with stop loss of 65 with target of 110.

Our recommendation is for one to one and a half Months time.