HAVELLS INDIA - is breaking upper trend line in Daily time frame and consolidating for its Bullish move. We can go long at trendline retracement.
Buy now @ 1275-1280
Stop Loss = 1190
Target = 1415 / 1500
Chart -> Havells Daily
Havells has given an inverse head and shoulder breakout on the daily chart.
Targets: 1327, 1411
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
buy above 1277 for intraday and swing
for swing keep stoploss below 1200
For stoploss in Intraday use 5 minute chart and see nearest support.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical...
One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
Close should be good, and Clean.
R:R ratio should be 1 :2 .
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
Havells weekly chart. Lots of call writing at upper levels. Ideal level to short as near as 1200. Try to avoid buying the strength or shorting the weakness. Do opposite with least SL (1.8% min) coz of its volatile nature.