Havells go long from 604-607 levels - Bullish pattern formed 603 is an important resistance and will reverse from this point only take teh trade if no gapup opening tommorow
Havells share trading in the side ways & in channel zone. After the BO of TL as well as the Resist.level above the price of 621 for the target price of 645-648 with the SL of 604. So keep SL trailing . Levels are marked in the charts. So add the stock in your watch list to see the price action movement of the stock. Always do trading as per your Reward to Risk...
Havells right now trading near its resistance, considering its momentum it may break this level for the first target of 622. Sell only can be initiated when 605 breaks
Sell Below 610 Target 605 - 603 Sl - 613.5 Buy above 616 Target - 621 SL - 612 Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade with the help of your financial advisor or on your own risk.
Wait and watch for a clear breakout or trend reversal Beware : Please keep in mind and stay away from False Breakout Traps. Also this is not any recommendation, it is only for educational purpose. Trade at your own risk.
Support and resistance given for stop loss and target.
Havells breaking out 597 levels upside - go long
For intraday buy Havells above 598.60 TGT 603-606-610
Trade with the trend, place your targets and stop loss according to support and resistance drawn.
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...
Facing a strong resistance at 1/3rd retracement level from march lows, the stock bounced back and started a small down trend. Place targets and stop loss using the support and resistance lines drawn.
Very good for intraday traders, for positional traders wait for a breakout.
Havells 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%...
Levels 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...
As it can be seen that havells is taking support @575.05 which is 61.8% retracement. It can go till 584 i.e. upper limit of band with SL @570.
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...
The price has found support 2 times at the same marked level of 467. I am expecting the stock to move towards the upper end (510) of the fairly wide range it has created recently.
Havells cmp - 545.20 Sell below - 537 Target 1 : 528 Target 2 - 515