Swing Opportunity in Havells
Go Long above 985.05, for a Target of 1012.1, and 1039.15 with SL 4312. 05
Reasons to go Long :
1. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.618 Fibonacci level.
2. A bullish candlestick pattern, Bullish Hammer (marked with an orange circle) is formed at 0.618 Fibonacci level.
3. Also there is a Demand Zone (marked with a green rectangle) around 0.618 Fibonacci level from which the stock is taking support and moving up.
Reasons to go Long :
1. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.618 Fibonacci level.
2. A bullish candlestick pattern, Bullish Hammer (marked with an orange circle) is formed at 0.618 Fibonacci level.
3. Also there is a Demand Zone (marked with a green rectangle) around 0.618 Fibonacci level from which the stock is taking support and moving up.
Trade active
Entry triggered on 22 June 2021Trade closed: target reached
Target 1 achieved on 5 July 2021Trade closed: target reached
Target 2 achieved on 12 July 2021
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