Havells ready for down side fire.....
All the reasons for the trade have been mentioned in the image. ---Happy trading
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Falling wedge pattern is being formed at a major support level along with stochastic RSI divergence, wait for the stock to break above 50 ema to buy.
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Refer the charts for levels
Wyckoff Accumulation Go Long T1= 1300 (90% probability) T2= 1390 (60% probability)
Havells (Daily):- buy on dip (1020/1000) for Target 1222 with Stop Loss 970 (invalid below)
If the price pulls back to 1034.65 then take a buy with stop loss at 1008.50 and ride all the way up to 1126.55
Already Breakout at 1045 Chart going to retest, buying opportunity
After the formation of a low near 986 area , stock prices has risen up in a three wave fashion , which should be taken as a corrective move. Look for short opportunity near 1075-80 area having a Stop loss of 1090 for a minimum target of 980.
follow trade and invest at your own risk
The Relative Strength is better than its market leader Havells India. Awaiting a Multi year Breakout. Inverse Head and Shoulders Pattern is formed and travelling in a Parallel Channel. Very Low risk but the Reward could be very High.