Gave 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...
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.
Havells has given a breakout of double bottom pattern and we expect to see 1600 - 1630 levels in coming months.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Havells India Limited - 03.06.2022
The stock is trading @ 1156.15 levels
There is a SUPPORT @ 1151
There is a MACD Bullish Divergence in Daily Chart
The prices are below EMA
Let the prices go above 1177
Watch out for the price action
NSE:HAVELLS
Observations:
1) On Daily time frame, It gave breakout of 1360 level and closed above it.
But it faces resistance from 50DMA.
One positive thing is that it is trading above 21DMA.
50DMA is placed at 1378.06 and 21DMA is palced at 1334.04
Please refer below chart : 1 day Time Frame.
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Trade Setup for...
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...
🔴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...
🔴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...
NSE: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...
We 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.
******* Knowledge Purpose only ********
>> Visit My Ideas Page for Daily Stock Analysis & check my previous stock analysis how accurate they are for Swing and Intraday Trades<<
![HAVELLS: Simple Trade Setup | HAVELLS | 15-11-2021 [INTRADAY]](https://s3.tradingview.com/l/LANUFDBY_mid.png "Simple Trade Setup | HAVELLS | 15-11-2021 [INTRADAY]")
![HAVELLS: Simple Trade Setup | HAVELLS | 25-10-2021 [INTRADAY]](https://s3.tradingview.com/j/jAWl9S2U_mid.png "Simple Trade Setup | HAVELLS | 25-10-2021 [INTRADAY]")
