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.
Chart -> Havells Daily
Havells has given an inverse head and shoulder breakout on the daily chart.
CMP: 1288
Targets: 1327, 1411
SL: 1210
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
buy above 1277 for intraday and swing
for swing keep stoploss below 1200
For stoploss in Intraday use 5 minute chart and see nearest support.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical...
NSE:HAVELLS
One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
Close should be good, and Clean.
R:R ratio should be 1 :2 .
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
Havells weekly chart. Lots of call writing at upper levels. Ideal level to short as near as 1200. Try to avoid buying the strength or shorting the weakness. Do opposite with least SL (1.8% min) coz of its volatile nature.
Havells India Limited - 03.06.2022
The stock is trading @ 1156.15 levels
There is a SUPPORT @ 1151
There is a MACD Bullish Divergence in Daily Chart
The prices are below EMA
Let the prices go above 1177
Watch out for the price action
