Havells - Falling wedge BO + Ascending triangle formationKey Highlights:
1. Bullish market structure
2. Volume expansion
3. Trendline breakout
4. Falling wedge breakout
5. Ascending triangle formation
6. Support zone: 970-990
7. Target: 1077, 1135, 1189, 1232
8. Stop loss: 985
You are always advised to use an appropriate Risk-Reward ratio as per your strategy.
P.S: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
HAVELLS
FY21-22 Swing Trade Idea #68: Long on HAVELLS This is a public swing trade idea (other private ideas accessible through website) and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow if you want to get further updates. Our objective to help anyone who wants to learn technical analysis using charts. You can post your queries in comment section here and we will try to answer asap.
HAVELLS for LONG ( Intraday & Positional )As we can see Havells had made Breakout out of a Triangle Pattern and Restest is Done .
Will take the entry above 1035
For the targets of :-
Target 1 :- 1048
Target 2 :- 1062
Target 3 :- 1077 ++
STOP LOSS :- 1030
Take Entries & Exit as per Price Action only
Always Follow Risk Reward Ratio & your Money Management
** Only for Educational Purposes
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DAILY SWING CALL // Monday 03rd of May 2021 // HAVELLSDAILY SWING CALL // Monday 03rd of May 2021 // NSE:HAVELLS
// This is a swing trade call and not an intra-day trade. Please do not expect the stock to go up on the same day of posting or within a few sessions. Please follow the notes along with the posting before, during and after entering the trade //
CMP / LTP: 1104.7
TARGET: 1155+ (15% Around)
STOP LOSS: 905 (10% Max)
Standard Notes:
- Please follow the Stop Loss strictly and preferably on a daily closing basis.
- Recommended Profit Booking / Exit is on +12-15% & If you still want to hold the stock, trail the SL once this target is achieved.
- Duration: 15-20 Trading Days is suggested for all my trades and is an indicative period.
- If SL / Target are not triggered and you still wish to hold the trade, this can be done as long as SL is followed or trailed.
Disclosure: I may or may not have a position in this trade.
Disclaimer: All the recommendations are subject to market conditions. Please trade at your own risks.
HAVELLS-wires that don't catch fireLevel and target well mentioned in the chart itself
NOTE -The above interpretation from the chart is my personal view and doesn't guarantee any success.
(Do talk to your financial advisor before making any investment decisions)
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