TradingSutra

HAVELLS : A zig-zag correction

Short
NSE:HAVELLS   HAVELLS INDIA
After falling to the level of 1391 in an impulse manner there is a pullback to the level of 1454 in a three waves . The pattern suggest that the stock is forming a zig-zag corrective pattern. One should go short on cmp i.e. 1430-31 with SL of 1455 & look for the tgt of 1365 zone.

Manish Bhardwaj
Analyst & Co-Founder
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