Havells
Repeatedly testing 575 resistance level and 460 support levels.
As we can see the pattern and if trend continues, Havells will test 480-460 levels in next couple of sessions ...
Pls add to watch list and trade as per trend.
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...
Formed a perfect descending triangle,
let's see what happens next.
If sustain above 467 we see upside moment.
If breaks 454 target 448 If 449 support breaks we will see more downside.
On daily charts once again Havells @ 500 at the support level. So add the stock in watch-list & track the movement. If trades above 515 and tomorrow closing will be above 515, then surely buy for the target of 535 to 550.
Havells forming M pattern and Butterfly harmonic pattern...
If you are reversal Trader...wait for price come to possible demand zone...
If your trend trader follow the chart marked ...
Do your own analysis...SL is god...follow MM RM...
I am expecting 15-20 points move in Havells.
I may enter in this trade if it will sustain above 565 for the target of the next supply zone @ 582-588.
If it will fail to sustain above 565 then I will avoid this trade.
Expecting 15-20 points move in Havells
FOLLOWING POINT,
1). BEARISH GARTLEY MAY FORM ON HAVELLS IF IT CLOSES ABOVE 585 ON DAILY CHART .THEN IT'S TARGET 610 .
2). AND AFTER REACHING 610 , IT WILL BE DOWNWARD
In the long run it has given good money , currently structure is highly bearish on monthly basis too , with breaking bullish trendline (monthly) , last support taken was near 450-460 , in this bearish possible to see 350 zone , so wait to add in portfolio !
#stayinsidehome be safe !!
