Abhijit_Paul

Havells - Respects Price Polarity

NSE:HAVELLS   HAVELLS INDIA
Havells is in a precarious position. The stock has managed a short-term bounce recently which now faces resistance from erstwhile supports in the range of (620-640). Sharp price volatility which we noticed yesterday can be a sign of shake off which can now lead further weakness. Trigger for this we will get once the stock breaches the low of 615. From a bullish perspective the stock should attempt to move above the 620-640 resistance zone as soon as possible, or else a failure to do so will lead to further price weakness.

Trade Well. Trade Wise.
Whatsapp - https://wa.me/919836947400
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.