HAVELLS
Parallel Channel in HAVELLS Expected 1200+ Target After BreakoutSince last 4 months, Havells trading in parallel channel range. Expected breakout of this channel in upcoming trading session. If it give breakout of this parallel channel then we can go for long above 1090 for target of 1140 and then after 1200+ for short term period.
Possible Trade:
Buy Havells Above 1090
Stop loss - 1050
Target 1140 1200+
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Havells India analysisWe will go long if Price sustain above 1100 level by keeping 1060 as Stop loss & TGT is 1190
*Always Enter With good confirmation & Maintain proper Risk Reward.
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3 Targets hit in Havells today. New Targets for HavellsNSE:HAVELLS
Today, 16-07-2021, it hit our all 3 targets. Even made day high at target -4 which was not mentioned before. And Today it closed above our 3rd Target. this will act as good support zone. Don't take buy trade if the stock is trading below this range.
You can only take fresh buy trade above 1076 only.
And once it breaks the 1100 resistance then there will be long rally upside for few days to reach up to 1200 easily. And one can take positional trade.
All the best for trading in next week.