InsiderB
Long

Havells : Trading within the channel

NSE:HAVELLS   HAVELLS INDIA
432 views
14
432 7
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
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out