Havells has formed a nice double bottom.Today it has come out of Double bottom pattern also it has broken the resistance zone- so higher levels are expected going forward.
The length of bottom is quite high - and it exceeds the ATH of HAVELLS if projected upwards - so our R:R will be low in this case.
Entry - 1348-1350 Target - 1486 SL - 1200
Though R:R is very low - Probability of profit is high.
Trade active
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Trade active
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Trade had went to the negative territory but it did not reached SL and turned positive later