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dravya
Mar 22, 2017 5:39 AM

HAVELLS - AT MAJOR RESISTANCE 

HAVELLS INDIANSE

Description

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.
Comments
AMBRISH
Let Havells decide and we will follow the direction.
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