dravya

HAVELLS - AT MAJOR RESISTANCE

dravya Updated   
NSE:HAVELLS   HAVELLS INDIA
The stock has had a very good rally.

Now it is above the previous swing high but below the major swing high ( which the previous high couldn't reach to ) that occurred in October last year which is a major barrier for it to move higher.

Watch how it behaves from here and trade accordingly.

We need to identify setups before the moves happen.
Comment: 23 March : Very close to the action line. Forms a doji.
Comment: Full down candle today till now .

Entering short at 445.
SL - 448
Comment: Earlier trade SL of 3 Rs got hit.

Now, forming a flag, looks like long.
Comment: Long it is. Broke out, 2.33% up.

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