Swing Trade Short Opportunity in Havells FUT. Havells after forming countless bearish candles near the resistance has broken down its trend line.
Trade at your own risk
hello traders ,u can focous on havells india ,it seems good ,if cross 1292 then we acn see a good movement so u can buy haveels for short term term trade and target is 1320,1350,1380 , 1380 is my last target but this time alert mode in midcap & small cap stocks
How to trade is written do.
Don't take the trade under the area in yellow box. It will be very volatile and there is no setup under it.
It given falls Breakout and it is now retesting the box area.
What to do
1) Trending in daily time frame.
2)Don't short until it gives good signal bcz it is in uptrend.
3) Volume required if box broken.- Important*
4) Bullish...
NSE:HAVELLS
Market break the resistance line but unable to close above the line and make upper shadow, that's means the chart itself respect the resistance point again. So without closing we can't rely on such breakouts. Showing upper shadow in same point on several times means the chart/market already started to ignore this price level.
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...
🔴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...
