Get started
AkshayAdak

End of Consolidation seems to be close now

Long
HAVELLS INDIA (NSE:HAVELLS)  
AkshayAdak Updated   
NSE:HAVELLS   HAVELLS INDIA
Trend Analysis Chart Patterns Technical Indicators HAVELLS priceactionanalysis consolidation-breakout
6
0
trendanalysis chartpattern indicator havells priceactionanalysis consolidation-breakout
Havells is consolidating after making 52W high in Jan.
It has bounces back from short term support.
Maybe Q1 numbers will also affect it in any side. Keep in mind.
Bullish momentum may be seen after breakout.

Post just because I like to share my analysis.
This post is for information purpose only.
Comment:
Gave breakout yesterday and tookm support today at pattern's resistance line.
But average volume.
I'm in watch and watch situation for a while.
Comment:
Yes, after breakout it went down and retested, then we witnessed some strength in it. Move max. 8% till now after retest.
It still have potential to rally. It wants Nifty's support and the good Q1 results.
Comment:
Today madhe high of 1471.45.
Almost 41% after breakout. Hugh move in just few weeks.
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.