HAVELLS
#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.
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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.
Havells - Doing Consolidation near ATH🔴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
Comments
Simple Trade Setup | Havells | 10-08-2021NSE:HAVELLS
On Daily time frame it has made rounding bottom pattern breakout.
Please refer below chart.
Tomorrow if it open minor gap up or flat and takes support from 1225 then it will be buy trade entry.
And if it breaks the 1225 level then it will be sell trade entry.
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Simple Trade is explained on 15min time frame and it is easy to understand.
As far as it is taking support from Trendline-3 it will give bullish movement.
Do comment your doubt or suggestion.
All the best.
Simple Trade Setup | Havells | 09-08-2021NSE:HAVELLS
Simple Trade Setup for Havells For date 09-08-2021.
Chart and levels are easy to understand.
Trenline-3 which was working as resistance before now it is working as support. You can zoom out and watch the trendline for your reference.
Do comment your doubt or suggestion.
all the best for the upcoming trading days.
#HAVELLS CMP 1046.70 Target 1216(15+%) #banknifty #nifty #equity#HAVELLS
NSE: HAVELLS
CMP 1046.70
Target 1: 1215+
SL 999
Time Frame < 2 months
Can hold the stock after booking at 1215> might rally ahead.
Factors:
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations.
With 💚 from Rachit Sethia
SIMPLE TRADE SETUP | HAVELLS | 03-08-2021NSE:HAVELLS
Today, 02-08-2021, It was trading between our pre-decided levels. And also it took resistance from Trendline-3 and Took Support from Trendline -1.
Chart with levels and Trendline is very easy to understand. Now Target -1 will act as entry point on the buy side and all above levels will act as resistance and target. If it breaks the Trendline-1 then it will be a short trade. But a 15min close below Trendline is needed and also next candle should not be green or if it is green then it should get rejection from Trendline-1 to go for short trade. My personal view is bullish on it.
Comment below your doubts or Suggestion.
HAVELLS | TRADE SETUP FOR 02-08-2021NSE:HAVELLS
TRADE SETUP FOR 02-08-2021
From the chart is has been taking support from two trendlines. Trendline 1 and Trendline 2.
It closed near to the trendline 1.
Tomorrow if it trade above Trendline -1 then it has a bit strength to go up. You can follow the levels mentioned on the chart. And if it fails to hold support then wait till it takes the support from Trendline-2. And from that one can also take the trade on buy side if it takes the support from Trednline 2. Levels above the entry point from the trendline-2 will act as resistance and targets.
If it breaks the Trendline-3 then it will be super bullish to make new high. At this moment my personal view is neutral. Since due to Friday factor, we saw profit booking in it.
For the safe trade you can just wait and follow the levels mentioned on the chart.
Do comment if you have any doubt or suggestion.