Price - ₹727.90 Dt. - 31-10-2020
Stock is in the uptrend from late May. On a daily chart, the stock is consolidating near the support line placed at ₹709.65. In 2 or 3 trading sessions the stock can take the support of trendline and can resume the up move. Apart from the trend line, the stock will also take the support of 21DEMA. Price if move in the up...
Havells stock forming higher highs & lower highs in great uptrend. New 52 week high . Long above 700 for the target price of 715-730 with SL 682. This is for your educational purpose only.
Hello friends , Today i have the technical chart Of Havells India Ltd . Friends as you can see here that it was in a up trend but now it can go down because it is making a " Rising wedge " and Also Making Bullish Harami Candle Stick Pattern Which shows that i could be right at here . But remember that it can break upper trend line from where i have shown down...
The stock has been trapped in a channel for a long time. Last day, it broke out of the pattern and also retested the trendline today, so we can see trend continuation next. The bullish trend will be confirmed if the latest high of 710.5 is broken. This is an intraday as well as swing pick from my side. Also note that trend reversal can happen from resistance.
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Note: This is for educational purpose only. Please do not trade in F&O based on this analysis.
There is an ascending triangle bullish breakout with ultra high volume. Moreover, there seems a trend line breakout in RSI as well. RSI above 65 indicates bullish momentum.
The stock has been trapped in a channel for a long time. Last day, it broke out of the pattern and also retested the trendline. The trend will be confirmed if the latest high of 710.5 is broken. This is an intraday as well as swing pick from my side.
Note:
Avoid the stock if a big gap up or gap down is seen
Enter after the breakout happens and not before...
Stock of Havells is at BO level & forming the higher highs. We can see the double bottom is forming on the charts & stock is trading above the 20 EMA level. Here we have good reward to risk ratio as 1:3. Divergence sign is also in bullish mode. Long entry can be taken above the price of 645 after the BO of resit.level for the next target price of 665 with the SL...
