Havells India is at very important support level - can see downtrend if it breaks support of 1110 - Lets see what happens next - Chart only for educational purpose - not an investment advice !!
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Will probably look to get out if it breaks 1100 !!
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More downside below 1095 - closed below 20 EMA 1132 - can touch 50 EMA - 1070 - Lower levels expected - 1105 - 1085 - Up Side resistance - 1140 - 1155 - 1192 - all technical indicators moving downwards.- need to keep a watch
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1035 looks like a decisive level and key support level - Be cautious if price close below 1112 on daily close basis. If price close above 1112 with good volume - 1135 will be achieved swiftly. Refer to levels above also.
P.S - not an investment advice. Just for learning purpose. Do not take any decision basis this. I am not any advisor. Just a learner.
I think 1260 is gettable now that it has reversed from support levels.
sid0758
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1200*
arhan1008
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how do u read the OI chart of havell? what do u think ?
BullofIndia
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@arhan1008, Great idea - looks like it will face resistance in crossing 1200 but have good support at 1100 - so will remain somewhere in between till march end. Let me know if i read it correctly.
arhan1008
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@BullofIndia, SIR I REQUEST YU TO HELP ME IN THIS TRADE. SHOULD I KEEP INVESTED OR NOT. ANY WAY TO REDUCE LOSS AS TODAY IT HAS GONE DOWN. DO U THINK WIL IT REACH NEAR BY MY 1200?
BullofIndia
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@arhan1008, I am no one to advise - I just post charts for educational purpose - I myself just learning tech analysis - don’t go by my trading view name (I just made it without thinking 😄) - u can refer to above comments to take cue - we all can just guess what will happen next day - no one can tell you for sure as there are multiple factors which can impact a stock price !! All the best !!