HAVELLS | TRADE SETUP FOR 02-08-2021
Updated
HAVELLSTRADE SETUP FOR 02-08-2021
From the chart is has been taking support from two trendlines. Trendline 1 and Trendline 2.
It closed near to the trendline 1.
Tomorrow if it trade above Trendline -1 then it has a bit strength to go up. You can follow the levels mentioned on the chart. And if it fails to hold support then wait till it takes the support from Trendline-2. And from that one can also take the trade on buy side if it takes the support from Trednline 2. Levels above the entry point from the trendline-2 will act as resistance and targets.
If it breaks the Trendline-3 then it will be super bullish to make new high. At this moment my personal view is neutral. Since due to Friday factor, we saw profit booking in it.
For the safe trade you can just wait and follow the levels mentioned on the chart.
Do comment if you have any doubt or suggestion.
Trade active
Still Stuck in Trendline 1 and Trendline 3. Trendline 3 working as resistance.
Trendline 1 is working as support.
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