Havells Entry 624
Stop-loss - 610
Risk-Reward 1: 8.7
Risk 2.24% - Reward 22%
Havells trading at 624, took support around 622-630 zone multiple times in the last 6 months.
The primary trend is very strong, so utilizing this dip to get in the trend.
NSE IT Sector Looking Bearish with Descending Triangle as per chart.
Bearish View due to below point:
1) NSE IT Index forming Lower High & Lower Low.
2) NSE IT Index form Descending Triangle pattern on chart.
3) Heavy Weight stock of IT index like TC , Infy looking weak on chart.
4) TCS Faced resistance at higher level & got reversal to...
Technical Overview of INDUSINDBK: In the below chart, we can see the stock is trading near very crucial support i.e. 1350. On 16th April 2019, the stock has given confirmation of Double Top and from next day has given sharp fall till 1350. From support levels given bounce up to 1670 and made Lower High. Like this stock has started to trade in a Descending...
Descending triangle pattern spotted in Gold,suggesting bearish bias. Though the base of the pattern falls on 1403, immediately below is round number 1400. Hence it is advised to initiate short only if price closes below 1400 with stop above the falling trendline and target at 1380. Manage to book some profit at 1388 if price traverse through our predicted...
There is no trade as of now... keep tracking this one!
Disclaimer: These are only for educational purpose and in no way should be construed as trade recommendation.
Please take your trade calls independently, only after proper risk management.