Havells: Slowly and Quietly Reversing from Its Down Trend

Havells has been in downtrend for a while with some little success to take it higher. Every rally has been having selling pressure with each rising rally and is being under tremendous pressure. But it seems sellers and short sellers are not in mood to take it further down and are about to start short covering. Bulls have been waiting for other operators to start short covering so that they too can jump the wagon.

Buy Havells Strictly Above 992 with SL 982 Target Open.



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Trading is never ever recommended as it is injurious to mankind. This is purely my study based on technical charts and for educational purpose only. Please do your analysis before taking any trades given by me. I MUST not be held responsible for any profit or loss out of any trades you take on our advice. All Disclaimers Apply.