havells : trade set up : 1. buy with stop loss as 1010 on closing basis for targets : 1082/1133/1178/1125 + technical for buy : 1. triangle 2. breakout retest and bullish engulfing formation note : breakout has happened at upper trendline resistance and price retested the same , now moving up with good price action to reconfirm the bullish structure .
isn't there a resistance at 1087, better to buy above 1087 hold ?
Sanjeev_Jainapur
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@FieldMarshall,
It came down from 1080.This time it may cross this barrier.Don't go at once.Keep building the postions.This stocks trades below 1 million volume most of the time and highly operator driven.
Pavanjackson
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looks like false breakout bro there is no volume at all..
JagadishParameshwar
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@Pavanjackson, I totally Agree, the stock is at Distribution phase one can expect the continuation of the rally above the previous resistance level 1235. Big player are selling at higher prices.
Kapil-Mittal
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Great analysis, congratulations on being featured!