HAVELLS
HAVELLS SETUP FOR FRIDAYIT IS RESPECTING WEDGE PATTERN AND AS WE CAN SEE TAKEN SUPPORT MANY TIMES ON LOWER LINE IF IT BREAKS LOWER LINE ON CLOSING BASIS IN 15 MINUTE CANDLE TARGET FOR SHORT GIVEN BUT IT SHOULD TAKE SUPPORT AND GO UP TO CONTINUE ITS CURRENT WEDGE PATTERN LONG TARGET IS ALSO GIVEN GOOD LUCK
NOTE: TRADE AT YOUR OWN RISK
HAVELLS INDIA SHORT IDEABEARISH DIVERGENCE IS SEEN WITH STOCHASTIC ONCE HORIZONTAL LINE IS BROKEN ON CLOSING BASIS IN 15 MINUTE CANDLE TARGET IS GIVEN WITH BLUE ARROW (664) :) STOPLOSS WILL BE SLIGHTLY ABOVE UPPER TRENDLINE 710 GOOD LUCK
NOTE: FOR EDUCATION ONLY
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Havells India Trend Analysis & Trade setup !!TREND ANALYSIS
Trade Setup
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
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R:R is 4-8 times
HAVELLS BUY ABOVE 800HAVELLS (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.
Sell SetupHavells 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 the making.