1. Price is at monthly 50 EMA, could prove to be a good supply point.
2. In weekly, Price at 200 SMA. Also, the RSI is at support level of 40.
3. Daily RSI showing bullish divergence & Price is at support trendline.
All these supports from multiple timeframes could constitute a reversal for long-tern in Havells. Trade is risk-reward favorable. SL to planned as per own analysis.
P. S. - Not a SEBI registered analyst & definitely not a buy recommendation. Please do your due diligence before planning to buy.
2. In weekly, Price at 200 SMA. Also, the RSI is at support level of 40.
3. Daily RSI showing bullish divergence & Price is at support trendline.
All these supports from multiple timeframes could constitute a reversal for long-tern in Havells. Trade is risk-reward favorable. SL to planned as per own analysis.
P. S. - Not a SEBI registered analyst & definitely not a buy recommendation. Please do your due diligence before planning to buy.
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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.