Hello Friends,
Currently, movement is sideways to bullish. Stock is taking support on 61.8% retracement of A wave.
Stock is completing corrective fall in B wave, hence the speed/movement is slow.
Wave C has mostly started, invalidation level is marked too.
Targets as per Fib extension given.
both side potential
avoid first 15min breakout
wait for 15 min candle closing
targets are marked
follow risk management
do your own analysis
do workout
do meditation
start reading book
rsi is dropping but the price of stock wasn't droping
both side potential
avoid first 15min breakout
wait for 15 min candle closing
targets are marked
if the breakout comes after 10:00 am then the probability of winning will be more.
follow risk management
do your own analysis
do workout
do meditation
start reading books
bearish RSI Divergence
Both side potential
avoid first 15min breakout
wait for 15 min candle closing
targets are marked
if the breakout comes after 10:00 am then the probability of winning will be more.
follow risk management
do your own analysis
do workout
do meditation
start reading books
HAVELLS:- Ascending triangle pattern has been formed, the stock has given a breakout, but waiting for retesting. If you are planning something, keep an eye on it.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until...
After 1429 , if it is a good break out , It will reach first target 1478
Reason to choose the company
Debt is low .
Mutual funds are increasing their holding .
May be in a month , the break out may happen.
Havells has formed a nice double bottom.Today it has come out of Double bottom pattern also it has broken the resistance zone- so higher levels are expected going forward.
The length of bottom is quite high - and it exceeds the ATH of HAVELLS if projected upwards - so our R:R will be low in this case.
Entry - 1348-1350
Target - 1486
SL - 1200
Though R:R is...
Havells has given a breakout of double bottom pattern and we expect to see 1600 - 1630 levels in coming months.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Havells has given a falling channel breakout and retest has also completed, it has also formed an inverted H&S pattern and neck line break and retest has also happened ....
HAVELLS INDIA - is breaking upper trend line in Daily time frame and consolidating for its Bullish move. We can go long at trendline retracement.
Buy now @ 1275-1280
Stop Loss = 1190
Target = 1415 / 1500
Thanks!
A breakout in visible on day chart of HAVELLS. A quality stock that can be accumulated in long term investment portfolio. Note : For educational purpose only.
![HAVELLS: [Positional] HAVELLS Double Bottom Breakout](https://s3.tradingview.com/k/KxMWRiXQ_mid.png "[Positional] HAVELLS Double Bottom Breakout")
