akshay.lakhina

Havells Ascending Triangle

Long
NSE:HAVELLS   HAVELLS INDIA
Havells trading in range of 344 to 330
if it breaks 348 (now resistance) then may move UP to 362 which is 0.382 % of Fib Retrace to 460

above 360 it may test 380 which is 505 retracement

SL = 329 (if it breaks the trend line )
Trade closed: stop reached: near to SL so tomorrow will be an interesting day to track
Trade active: Havells back to its range, have strong support zone @ 420
Trade active: Havells broken the resistance and now should move upward to 362
Resistance becomes major support now i.e. TSL = 348 to 345
Trade active: took support at 346.75 so trade with levels and strict SL
Trade closed: target reached: nicely moving up in the range and reached 0.382 levels

now lets see if it reaches 380

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.