Price made a double bottom at 140 level and went up by 13 points last trading day. Still 163 above is the buying level as discussed previously but when you see a double bottom one can risk with small stop loss and definitely you will be in a good position when it reaches 163 !!! Think about it.
NSE: HAVELLS has been in an uptrend since June-July 2020 after a heavy fall due to COVID-19. The DOUBLE BOTTOM formation is observed in the daily and weekly charts. The analysis has been done from macro to micro timeframe (Monthly --> Weekly --> Daily). The current view on the stock is to go long with given levels.
I suggest you do your own analysis before...
2 rounding bottoms combining with double bottom pattern and then consolidation near resistance level & 200 ema seems good.
Today's volume and closing gives a better sign tooo.
Keep an eye folks. Happy Trading.