Stock of Havells is at BO level & forming the higher highs. We can see the double bottom is forming on the charts & stock is trading above the 20 EMA level. Here we have good reward to risk ratio as 1:3. Divergence sign is also in bullish mode. Long entry can be taken above the price of 645 after the BO of resit.level for the next target price of 665 with the SL of 628. So add the stock in your watch list to see the price action movement of the stock.
Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. Request to like & follow for more such ideas of technical analysis learning.The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask.
Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. Request to like & follow for more such ideas of technical analysis learning.The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask.
Trade active
Trade closed: target reached:
Look Very good trade once again Target done. 665