The stock has had a very good rally. Now it is above the previous swing high but below the major swing high ( which the previous high couldn't reach to ) that occurred in October last year which is a major barrier for it to move higher. Watch how it behaves from here and trade accordingly. We need to identify setups before the moves happen.
for educational purpose only - havells having divergence in price and rsi despite rising price. sell below 445 sl 452 tgt 432
Anticipating Havells India to hit 443.5 and retrace back to 425.89 and 399.58 in near future.
Havells will give a long breakout above 323.50 it can go to the level upside level 326.80 downside safe line 320
Havells trading in range of 344 to 330 if it breaks 348 (now resistance) then may move UP to 362 which is 0.382 % of Fib Retrace to 460 above 360 it may test 380 which is 505 retracement SL = 329 (if it breaks the trend line)
The Stock has formed a beautiful Flag pole and consolidating forming a flag. One can see a breakout in coming days closing above the flag gives a beautiful long entry and one can look a target of above 490 on breakout. It gives a good risk to reward ratio. Specially this flag formed a good flat base which performs better. I would go long i when it starts trading...