CMP- 1469
Keep in watchlist, the stock is ready for monthly breakout.
Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
Checkout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPEECTED!
NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get...
I closed the position and secured profits as soon as the price hit the target levels. Although waiting for a precise exit at the upper trendline was an option, I chose not to take that risk due to the possibility of a market correction, considering the overall market is technically over-valued.
I'll monitor for a re-entry opportunity if the price drops back to...
In the Weekly Chart of HAVELLS ,
we can see that, finally it has given Trendline breakout and shown a recovery.
Let it retest the Trendline and the enter with SL and Targets.
Possible Positive momentum is shown in chart
=>Havells at important support levels in 1D TF formed a morning star pattern
=>Back to 1H TF it forms parall channel pattern let's see what will happen
=>decent volumes
Ascending Tiangle Formation is seen in HAVELLS. Now it is about to take support ar trendline. After that we can expect an upward movement. Also HAVELLS is at a discounted price💯🔥
Ii is an opportunity to add in Portfolio for long term.
-Support 1260
-Tgt 1500 (short/mid term)
I already had a position which I booked profits a few weeks back. The posts related to that position is attached underneath this post.
The price reversed back to my earlier entry levels. So I took a re-entry for about 1.25% of the net capital. Will add on to the position if the price falls down to the lower trendline of the diverging channel formed.
Planning to...
Havells seen good volumes buying with upside momentum. stock to continue the momentum till the levels marked. However, the momentum should continue further, as stock is crossing ATH
I do realise that there is a potential move of about 10% more to the HTF channel line. But considering the overall valuation of the market there is a possibility for a correction in the near future. So this in turn may lead to a sell-off in overvalued stocks like the same. Hence decided to book profits.
So booked a profit of about 13.41% at the first key...
Hi Trader!!!
Havells India show a perfect Cup and Handle Pattern on daily chart. The target of the same shall be Rs. 1540 with a stop loss of 1347. The target may be adjusted and for upcoming some sessions and not necessarily for intraday. One may take intraday or swing trades on the same .
Disclaimer:- Before taking any position, you are requested to kindly...
On the daily chart , the level of 1240 is an important support, (purple horizontal line).
On smaller time frame, price has reversed from this level , after a small one month consolidation.
The breakout candle following the consolidation is also supported by a good volume and steep rise in atr.
Thus, there is a short term trade
tgt 1348, sl 1270.
Please refer to my previous discussion on the stock. Buy with a stop loss of 1298. Levels to watch today 1293, 1297, 1301. After 4th it will become bullish. Expect a level of 1400. Please do not take delivery today because option chain is showing max pain of 1300 today. Wait till 4th December and buy above 12-4-23 12:37 PM candle.
Today's range is from 12-1-23...
1. Price has come out from brown colored triangle and has entered yellow one.
2. Intraday price levels have been provided on the right and Swing levels on left.
3. Major Support at low of 16th November 2023 at price level of 1262.5 marked by red horizontal line.
4. Stock is oversold as per William's R%.
5. Pivotal candle for Monday is 11-20-23 11:47 AM. Buy...
NSE:HAVELLS SIP when others are fearful for financial freedom.
Buy a fixed qty each time you get a Buy alert on "SIP Smartly" indicator.
Disclaimer:
This is not a financial, investment or trade advice. Its only for educational purpose.
NSE:HAVELLS SIP when others are fearful for financial freedom. Bargain price.
Share your thoughts in comments.
Ignore if huge gap down or gap up.
Follow strict stop loss.
Disclaimer:
This is not a financial, investment or trade advice. Its only for educational purpose.
