HAVELLS
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.
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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