NSE: HAVELLS has been in an uptrend since June-July 2020 after a heavy fall due to COVID-19. The DOUBLE BOTTOM formation is observed in the daily and weekly charts. The analysis has been done from macro to micro timeframe (Monthly --> Weekly --> Daily). The current view on the stock is to go long with given levels.
I suggest you do your own analysis before investing. This is my perspective based on my understanding.
Trade Status = ACTIVE
I suggest you do your own analysis before investing. This is my perspective based on my understanding.
Trade Status = ACTIVE
Comment:
The targets have been achieved successfully and one can think about booking their profit partial or fully based on their targets. The logic was completely correct. After the breakout levels and TGT1 completion, the stock has gained a good amount of profit. From 650 to 850 which is almost 30% of gain in just 2 months.
Trade closed: target reached:
All the targets are achieved, The trade is closed now. From the date of analysis (10-11 Sep) till today, the stock has given a huge return of 30% approx.