Havells has probably finished what could be an expanding Flat. Now its in a one hour consolidation. My view is that once the consolidation is done, it should break out to the down side, with a very favorable R/R. The earliest targets are the retest of the previous low. It could still continue to go lower in what looks like the C wave, a possible running flat in the making.
Trade active
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Trade active
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So Havells has retested the lows at 715 levels. That was the first target. A consolidation/ sideways move can be expected now before the next move starts. Now its time to wait and see what pattern develops here- it could be for a downside or for another up before a down.