praveen.bhatiya

Flag pattern formation Havells India Long

Long
NSE:HAVELLS   HAVELLS INDIA
The Stock has formed a beautiful Flag pole and consolidating forming a flag. One can see a breakout in coming days closing above the flag gives a beautiful long entry and one can look a target of above 490 on breakout. It gives a good risk to reward ratio. Specially this flag formed a good flat base which performs better. I would go long i when it starts trading above 455 with stop loss of 445 for a target of 492. Wishing you good profit!
Order cancelled: Flag pattern has not given the breakout closing today has negated the Flag pattern formation so no trade generated in this probable Flag.

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