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

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