Break out can be seen if it crosses 470 and remains above it for a couple of days.
Today's low is likely to be respected for now. May turn bullish now.
After a sharp correction, Havells has recovered to form a W on the daily timeframe. A look at volumes indicate that the counter has been attracting buying interest at lower levels as is evident from above average volumes. On 18th Feb, there was a perfect reversal candle followed by a strong green candle confirming a reversal. Presently, the stock is at a...
Disclaimer:I am NOT SEBI registered. THE OPINION GIVEN OR THE CHARTS PRODUCED HERE ARE FOR MY PERSONAL REFERENCE ONLY AND THEY ARE NOT ANY BUY OR SELL RECOMMENDATIONS. Kindly consult your investment advisor and family members before investing.
Sustaining 12060 - 12080 will make the price to move towards 12120, 12180, 12260 and 12320. Bearish below 12040 for the targets 12010, 11980, 11930, 11890, 11860 and 11820.
Currently, the stock is pushing above the 38.2% retracement of the month high to low. Last 3 -4 candles have exhibited higher lows with similar tops. Volumes have been high and there's a lot of accumulation at these levels. Market Facilitation Index is indicating a reversal of the downtrend. Also, the stock has settled comfortably above a Gann resistance...
Currently, the stock is pushing above the 38.2% retracement of the month high to low. Last 3 -4 candles have exhibited higher lows with similar tops. Volumes have been high and there's a lot of accumulation at these levels. Market Facilitation Index is indicating a reversal of the downtrend. Also, the stock has settled comfortably above a Gann resistance...
Well, the charts are indicating that it is prudent to mix your investment with your drink (perhaps as a celebration). Taking trendline support. Has corrected and the stock is now moving above the 61.8% Fibonacci retracement level. Good for long with 1256 as SL and 1356 as TGT
Not looking bad! Disclaimer:I am NOT SEBI registered. THE OPINION GIVEN OR THE CHARTS PRODUCED HERE ARE FOR MY PERSONAL REFERENCE ONLY AND THEY ARE NOT ANY BUY OR SELL RECOMMENDATIONS. Kindly consult your investment advisor and family members before investing.
Yesterday it returned from resistance line and is likely to pierce through resistance and descending line's confluence on 4th March if not earlier. Strong support around 160, having made a number of lows at this price range
Exactly taking supports at angles. 298-300 zone will act as good support zone, traders may take long positions with low risk (use support zone as stoploss). need closing above 307 for good bounce. Regards, Ak
Sustaining 12160 - 12180 will make the price to move towards 12220, 12250, 12280 and 12320. Bearish below 12140 for the targets 12100, 12060, 12020, 11980 and 11920.