Uptrend
LONG in HAVELLS on NSE (INDIA)The analysis is based on weekly chart. It looks that enough consolidation has taken place in Havells and scrip is all set to move up. In support of this view, following supportive evidences on chart have been observed:
1. In last three weeks, bears tried hard to push the price lower but it has recovered sharply forming pin bars. It is also observed that price has taken decisive support near 550 zone which had acted as resistance during JAN 2018 to JULY 2018 until it broke out on 23rd July 2018 with gap up.
2. Trend line drawn on the chart also indicates supports at multiple locations (Nov 2016, Dec 2016, Feb 2018, March 2018 and now in Oct 2018.
3. Strong support (last three week's PIN BARS) also coincide with key retracement Fib level (78.6%) of the previous rise in price during JAN 2018 to AUG 2018.
4. There is no divergence observed in price & momentum on RSI.
5. RSI has gone past 40 in daily time frame which accompanies with decisive bull candle with good volume after gap down opening on 19th Oct 2018 especially in exceptionally bear market overall on 19th Oct 2018 overall.
In view of above observation, it looks that Havells might move up to achieve its previous high (726) and on breakout of this previous high may make a new top. Therefore, two targets have been arrived as shown on the chart :
(a). Target -1 : 726 (Previous high)
(b). Target-2 : 986 ( 1.27% on Fib extension of previous bull run/rise)
(c) Stop can be exercised at 547 (below PIN BARS of previous three weeks)
Happy Trading !!!
EQUITAS Holdings - HH HL formationHH = Higher high
HL - Higher low
Long above prev day high
Sl = prev day low
Target 1 - 163.3
If it breaks 163.3 it can go up to 170
SRF LongEntered on 27 July 18 on 1694.10 with a stop loss at 1618.30
TSL 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% update on 01 Aug 18 from 1618.30 to 1686
TSL 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% update on 14 Aug 18 from 1686 to 1860
Current Trailing Stop Loss: 1860
In case of hitting Stop Loss confirmed profit: 165.9
Buy "Dewan Housing Finance" Waiting for a seeing a New High'sCompany With Good Fundamentals Having a Good Continue Uptrend Which Is Going To Breakout it's Own New High Level's,
It's Above The 15 EMA & 180 Simple Moving Average Line. Expecting A Huge Movement From This Point With A Target Profit @ 720
& A Stop Loss @ 578.
buy idfcbuy idfc cmp 49-50 range
above 51.50 is strong buy trent
sl 47.25 closing basis
target 1- 54.70..... 58.70
target 2- 63.20.... 67.60
52.50 call .80 target minimum 3 to 7