Havells India is in bearish channel making Higher lows and lower lows now at resistance level,look for shorting with price aciton at current level to 1200 area stop loss 1212 Target of 1156 to 1135.
Note
1200 area short trigered made double top in 5 mins timeframe and at resistance.Trade active
1180 nowTrade active
1177 now from 1200 area mentioned in idea Note
Havells again at 1200 area on can look for short again with price action.Note
Havelss still valid idea respecting the channel resistancce.if not entered one can look for shorting at current level stop loss and target mentioned above.Trade active
made low 1163 nearing target oneNote
almost touched target one 1158 was low todayTrade closed: target reached
first target reached.
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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.