NSE: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...
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...
After 1429 , if it is a good break out , It will reach first target 1478
Reason to choose the company
Debt is low .
Mutual funds are increasing their holding .
May be in a month , the break out may happen.
Havells has formed a nice double bottom.Today it has come out of Double bottom pattern also it has broken the resistance zone- so higher levels are expected going forward.
The length of bottom is quite high - and it exceeds the ATH of HAVELLS if projected upwards - so our R:R will be low in this case.
Entry - 1348-1350
Target - 1486
SL - 1200
Though R:R is...
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
I 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...
NSE:HAVELLS
Havells at crucial level it can move both the sides (UP/Down),
But i feel if it sustain above 1370, we can see trend reversal.
Targets 1392-1394, 1400, 1406
🔴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...
NSE: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...
NSE: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...
![HAVELLS: [Positional] HAVELLS Double Bottom Breakout](https://s3.tradingview.com/k/KxMWRiXQ_mid.png "[Positional] HAVELLS Double Bottom Breakout")
