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Short

Havells : Busted Triangle? Time to short!

NSE:HAVELLS   HAVELLS INDIA
Havells India is seen forming a symmetrical triangle formation. The stock broke on the upside, and is now seen back in the triangle and lying near a support region (Upward sloping trend-line) waiting to break downwards. Also the stock is forming Lower top- Lower bottom series.

Short trade can be taken on Havells , keeping SL at 471 for a initial price target of 440 and target 2 being 425

*Please do your own study/analysis before entering the trade.
Trade closed: stop reached
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