HAVELLS
havells harmonic studythere is a possible bearish harmonic pattern but will be confirmed only when closes below yellow line as shown on chart. Also there is a possibility that it is consolidation 1398-1445, one can also long till 1445 and short there for target of 1355 and candle must not close above intersection of falling red line and yellow line shown with yellow circle(stop loss for short side)
good luck
Our most harmonic pattern hit the target, it takes efforts to study technical analysis so if you like the idea, please share & like the idea thanks
Havells: The side storyHavells has done a round bottom recovery and is consolidating against 1231 level. One of the two things can happen… either the stock will give a break out or may form another small round bottom making it a cup and a holder formation. Two targets of 1400 and 1600 are likely in mid to long term. Stoploss can be 1180
HAVELLS : A zig-zag correction After falling to the level of 1391 in an impulse manner there is a pullback to the level of 1454 in a three waves . The pattern suggest that the stock is forming a zig-zag corrective pattern. One should go short on cmp i.e. 1430-31 with SL of 1455 & look for the tgt of 1365 zone.
Havells - Wow, What a prediction - 14% move in just 3 days
🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
#havells potential momentum breakout reverse divergence#havells the breakout is yet to happen clearly from the W pattern and is consolidating
since it touched the neckline. But good thing is that there a multiple bullish reverse divergences
seen on the daily timeframe and there is good probability of this working out to make happen the breakout
Havell's remain potential breakout candidate pattern seen. Momentum and adx trend is bullish on all timeframe
Simple Trade Setup | HAVELLS | 23-08-2021NSE:HAVELLS
Observations:
1) On 30min Time Frame, Still it has been taking support from parrallel accending support zone from long time. And it closed just above that upper trendline same like the previous trading day.
Please refer Chart below: 30min time frame.
2) On 1hr time frame, it is still in accending triangle pattern. Breakout of 1260 level on hourly time frame will give good up move and can be also buy entry for positional buy trade.
Please refer Chart below: 1hr time frame.
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Trade Setup for Date 23-08-2021:
--> Most of the trade setup and trade level will be same as previous level. One Trendline-2 has been added.
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and target w.r.t price action working near that level tomorrow.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Simple Trade Setup | HAVELLS | 20-08-2021NSE:HAVELLS
Observations:
1) On 30min Time Frame, It has been taking support from parrallel accending support zone from long time. And it closed just above that upper trendline.
Please refer Chart below: 30min time frame.
2) On 1hr time frame, it is making accending triangle pattern. Breakout of 1260 level on hourly time frame will give good up move and can be also buy entry for positional buy trade.
Please refer Chart below: 1hr time frame.
-------------------------------------
Trade Setup for Date 20-08-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and target w.r.t price action working near that level tomorrow.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.






















