Does Havells Have it...?

Feb 19, 2020

After a sharp correction, Havells has recovered to form a W on the daily timeframe. A look at volumes indicate that the counter has been attracting buying interest at lower levels as is evident from above average volumes. On 18th Feb, there was a perfect reversal candle followed by a strong green candle confirming a reversal. Presently, the stock is at a trendline resistance. If it sustains above that, the stock is in for a good upmove. Market Facilitation Index is also indicating a reversal and a confirmation pattern has formed. Gann square levels to be used for identifying levels to keep SL and to trail SL

Feb 25, 2020

Note

While the world around it has been collapsing, the stock has been on a bull run of its own...If it sustains above 643, the stock is headed to 680-687 zones