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Aditya_Pal_Singh
Aug 3, 2021 6:13 PM

Havells India: Rounding Bottom Breakout 

NSE:HAVELLS1D
HAVELLS INDIANSE

Description

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Havells coming out of an extended downtrend with 3 month consolidation in a range forming Rounding Bottom.
Trend AnalysisChart PatternsHAVELLSTechnical Analysispriceactionpriceactionanalysisroundingbottomconsolidationbreakout
Comments
jatin896
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What will be the next target???
Aditya_Pal_Singh
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@jatin896 technically that should be equal to the depth of the rounding bottom from the neckline.
jatin896
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@Aditya_Pal_Singh, Thanks for your reply. But as I am new to technical analysis I would like to understand depth of the rounding bottom means more 21% ?
Aditya_Pal_Singh
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@jatin896 but beware havells has trapped people before in Feb by giving a fake breakout
jatin896
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@Aditya_Pal_Singh, Thnaks!! Got it
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