Havells cmp 2006.55 by Weekly Chart viewsHavells cmp 2006.55 by Weekly Chart views
- Volumes are steady to increasing regularly on demand based buying
- Weekly basis Support at 1815 > 1585 > 1370 with Resistance only ATH 2023 and each New ATH
- *Price movement traversing within an assumed combination of Darvas Box + a Bullish Rising Parallel Price Channel*
Havell
SIMPLE TRADE SETUP | HAVELLS | 03-08-2021NSE:HAVELLS
Today, 02-08-2021, It was trading between our pre-decided levels. And also it took resistance from Trendline-3 and Took Support from Trendline -1.
Chart with levels and Trendline is very easy to understand. Now Target -1 will act as entry point on the buy side and all above levels will act as resistance and target. If it breaks the Trendline-1 then it will be a short trade. But a 15min close below Trendline is needed and also next candle should not be green or if it is green then it should get rejection from Trendline-1 to go for short trade. My personal view is bullish on it.
Comment below your doubts or Suggestion.