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R:R is 4-8 times
HAVELLS (Havells India Ltd) BUY ABOVE 800
Last many days Stocks is closing with price rejection from the lower levels and it's standing on a crucial level of 798, and if it crosses above 800 with volumes will be good buying opportunity for a tentative targets of 810, 820 , 830 and 840.
Havells has probably finished what could be an expanding Flat. Now its in a one hour consolidation. My view is that once the consolidation is done, it should break out to the down side, with a very favorable R/R. The earliest targets are the retest of the previous low. It could still continue to go lower in what looks like the C wave, a possible running flat in...