Havellsbuy
Bullish Swing Trading Setup in HAVELLS INDIA LTD
Today Havells performed well after breaking it's major resistance of 15 minutes.
My expectation is bullish for few trading sessions but only after a retracement.
If Price retrace then I will have bullish overview for a swing, so it's better find bullish opportunity for upswing. If price sustain above previous resistance which can act as a support.
This is just a overview, I am not recommending to buy or sell. This information is just for educational purposes, remember I am not SEBI REGISTERED
Riding the Highs: Analysis of Havells' BreakthroughNSE:HAVELLS , a renowned player in the electrical equipment industry, has recently made waves in the stock market with its impressive performance. On February 27th, exactly two months ago, Havells broke out of its all-time high, surpassing strong previous resistance levels. This initial breakout was supported by robust trading volumes, indicating a strong buy-in from the market.
📊 Analysis
All-Time High Breakout : Initially, Havells made a significant leap by breaking its all-time high, which had acted as a robust resistance in the past.
Consolidation and Support : Following the breakout, the stock experienced a consolidation phase for about two months. During this period, it successfully tested the previous resistance, turned support, multiple times.
Formation of a Rectangle Pattern : In the recent trading sessions, Havells has formed a rectangle pattern within this consolidation phase. This pattern typically indicates a continuation in the direction of the prior trend.
Breakout with Volume : Just today, Havells broke out from the rectangle pattern and recorded a new all-time high, again accompanied by strong trading volumes. This suggests a renewal of investor interest and a potential upward trajectory.
Trading Insights
Given the recent breakout with considerable volume and the stock setting new highs, traders might consider this an opportune moment to look into initiating buy positions.
Lastly, Thank you for your support, your likes & comments. Feel free to ask if you have questions.
"In the waves of change, we find our true direction."
Note : This analysis is purely for educational purposes and is not intended as a trading or investment recommendation, as I am not a SEBI registered Analyst.
HAVELLS 1H TF LONGGave a decent breakout and consolidating in a triangle pattern. Can take LONG position once the trendline is broken by a strong 30 mins candle and also let it close. For shorting opportunities you should scalp as the trend is bullish . And also let the market cool down or let it establish a trend and take trades accordingly.
Also, checkout my NIFTY50 Technical Analysis which I will be attaching to this idea , if you like my analysis please do follow me for more such trades and support.
Havells India Ltd (HVEL)@breakout
Havells India Ltd (HVEL)@breakout
Havells India Ltd (HVEL) strong breakout with volume break out and momemtum created in day chart.
Havells breakout for long. so strong upside are coming. BUY above 1390
NEXT TARGET 1417,1432,1468. Time to go for long, get ready to catch the profit. Thank you.
Simple Trade Setup | HAVELLS | 17-12-2021 [ INTRADAY ]NSE:HAVELLS
Observations:
1) On 1day time frame, it just closed at 50DMA.
And it is trading above 100DMA.
50DMA is placed at 1359.32 and 100DMA is placed at 1334.07 level.
We can say that 1335 level range will work as support.
Please refer below chart : 1day Time Frame.
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Trade Setup for Date: 17-12-2021
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 exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
HAVELLS LONGI hope you can now see how HAVELLS represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these charts are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
Simple Trade Setup | HAVELLS | 25-10-2021 [INTRADAY]NSE:HAVELLS
Observations:
1) On daily time, it is stucked between 50DMA and 100DMA.
Good thing is that it took support from 100DMA.
On 22 Oct it made doji candle and also gave close above 1280 level which was earlier resistance and breakout level.
If it maintain above 1280 level then this level will be now support level and we can see bounce back from this level.
Please refer below chart : 1day Time Frame.
2) On 15min time frame, we can see bullish divergence. As price is making alomst flat lows while RSI is making higher lows.
Please refer below chart : 15min Time Frame.
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Trade Setup for Date 25-10-2021:
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 exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
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
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.