InsiderB
Long

Havells : Trading within the channel

NSE:HAVELLS   HAVELLS INDIA
We are going to trade within channels in Havells             , as you can see the channel offered very good support area , so on bullish reversal expecting Havells             to move upside and there is very good risk :reward which is cream on cake for us who are concerned more about the risk, than potential rewards.

Happy Trading !
Comment: Invalid setup
Good Morning, Any reason why we not taking any downward breakouts? (petronet and havells)
Reply
@nsi, Good Morning :) The probability of false breakout is high, so avoiding those. But Mindtree, if you toil to form a pattern , you will have downside breakout
Reply
nsi InsiderB
@InsiderB, Thanks.. is it based on our view about being bullish on Nifty ? I wanted to check on what parameters we think the probability is high for a false downward breakout ?
Reply
@nsi, No, never combine two scrips while taking trade decisions, Never. Its based on, the prev. bullish run, so bull breakout sound valid :)
Reply
nsi InsiderB
@InsiderB, Thanks, got it :)
+1 Reply
Thanks,
Reply
InsiderB AMBRISH
@AMBRISH, Thank you !
Reply
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