DSSL BO with huge volume with support/demand zone found on the magical Parallel channel. Stock is finding good support in the zone of 250-260, rest we can plan the trade as levels mentioned on the chart Case Study 1 - Reliance Industries - Long Term Magical Parallel Channel : we can clearly see the price has respected the parallel channel in a magical way,...
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SL triggers only when price closes below(Daily chart)
A bullish butterfly harmonic pattern. Checked with Fibo as well. Currently closing price is sitting over a very strong Support of 6th Oct 2016 which it tries to break 5 times. A trend line is closing over support. I suppose in a day or two a BO will happen as suggested by harmonic pattern.
Irrespective of results, expecting to pullback in 2 or 3 days will reach 650-660
Read the chart it took support line and bounced today
Havells-Long ride..above the lime line
Enter Long in HAVELLS above 686 Target - 690, 695, 700 & 711 Sl- 675
Havells India - Outlook for the week