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HAVELLS

Havells on breakout level ready.Clearly, We have seen the BO has been completed above the level of 587 & closing of the stock is above 590 . Hence this is the sign of strength & stock is trading above the 50 EMA level & +VE bullish candles forming. Also we have seen the Flag pattern on the charts again the sign of bullishness. So in two ways we can take entry in the stock pull back or BO. Pull back traders wait for the stock to test the support level & in past we have also seen many times this stock retest the support area before moving to the target. For break out traders can take the entry above 592 the next BO of the stock for the target of 605 level. Both ways are good to trade but accordingly you have to keep the SL. So add the stock in your watch list to see the price action movement in the stock. Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. Request to like & follow for more such ideas of technical analysis learning.The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask .
NSE:HAVELLSLong
by Tech_stock_trader
2
HAVELLS BROKE OUT WITH GOOD VOLUMEHavells broke out with good volume today. The resistance of level 586 should act as support if market supports it. You should exit your position once scrip closes below 586. The target levels have been mentioned clearly in the chart above. Thus, from current price if there is loss then it would be ~2% (597-586 / 586) and targets are 8.9%, 11.01%, 15.97%, 21% . Keeping in mind the risk reward ratio the current levels are favorable and attractive. ***views are my own***please take your decisions accordingly***
NSE:HAVELLSLong
by vivek3032810101
Synergistic Pattern: Advance (W+Flag) + EMA 200 + Double FlagLevels are mentioned on chart for Swing trading. Please check the description section for early entry level in given stock to get better Risk to Reward ratio. Kindly like & share this pattern. Comment with what do you think. Follow me @ tradingview for more updates!!! Early entry: 590 and add more at 580 SL: 655 Target: 570 RR: 3.25 Thank you. Happy Trading!!! Best Regards, Dr. Shamraja Nadar, PhD in Technology. Disclaimer -------------------------------------------------------- All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. ---------------------------------------------------------
NSE:HAVELLSLong
by Profitable_Traders
3
Havells: Weekly channel, Daily head and shoulder, divergences..A weekly channel completes its 3 wave and is at the upper end of the channel waiting for a breakout because just before there at the weekly chart, there was a bullish divergence in the MACD histogram. In the daily chart there is a head and shoulder pattern and the prices are at the neckline. An entry on the breakout would be suggested as that would be a breakout in the Weekly channel too! If you draw a horizontal line from the previous support, the change in polarity line is here too. So amongst a lot of resistances, if the prices take off the neckline, the probability of this trade hitting highs is higher! I would wait for a breakout before any bias as the level now is a strong resistance and it could fall if does not break it if the bearish divergence in the MACD histogram is confirmed in the daily chart. So plenty going on! watch and trade!
NSE:HAVELLSLong
by Ultimate_Trading_System
Havells on breakout level ready.On Daily charts we can see the stock at break out level. So we can take the long entry above 550 for the target level of 575 . We can see the minor hurdle in stock at 564 level so be cautious at this level. Also we can double bottom pattern is visible in the charts. so add the stock in your watch list for next trading session. Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask .kindly follow & like for more educational ideas.
NSE:HAVELLSLong
by Tech_stock_trader
6