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GaneshWadhwa
Mar 4, 2024 8:05 AM

Havells multi year breakout Long

HAVELLS INDIANSE

Description

Havells has given a fresh lifetime high breakout above all the previous resistances which have been present since 2021. The pattern looks very promising, do not miss this opportunity to invest in one of India's leading FMEG company. This is a positional trade, holding period will be around a year or more. Expect good returns as the sector, consumer products, has also given a ATH breakout and is showing good momentum. Volume spike is also visible in the counter. Currently the stop is at XXX so enter only 30% quantity of the full position. As and when the stock moves up we'll add to the position and also trail our SL

Trade active

Accumulate on this fall. Stock is at support zone.
Comments
sunilkumarmeel
OK sir target kiya rahega
GaneshWadhwa
@sunilkumarmeel, Target for this pattern is 2000. But i will hold the trade as long as the structure is valid with trailing SL
sunilkumarmeel
OK sir, add on 1450 ke as pas ya
GaneshWadhwa
@sunilkumarmeel, Buy a little everyday. We don't know till where the price can go. Add on dips.
sunilkumarmeel
OK sir
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