#HAVELLS DAILY CHART VIEW!!#HAVELLS DAILY CHART VIEW!!
Havells India Ltd. is trading near resistance.
Technical indicators are bullish.
If price trades above 693 level near by resistance is 722 and support is 667 on daily chart.
HAVELLS trade ideas
HAVELLS, CONSOLIDATION, FIBO & LONF TERM RESISTANCE (CHART# 327)HAVELLS have 3 factors weighting on its up-move in coming days.
1. It is currently at 78% fibo level from last swing high which is acting as resistance.
2. 688-692 is important resistance level respected for last 2 years
3. It has been consolidating (lose ascending triangle) in last 15-18 days.
Breakout above 692-693 can result in good move and it able to sustain above 700, then can be a good pick for positional as well. NIFTY trend in up coming days will also govern its movement.
Watch other ideas AMBUJACEM, TCS & TITAN which are also high probable setups.
Thanks
Piyush Gupta
Havells being traded in a channel for one monthIf rejected at 660 -665 level it can bounce back to 700
HAVELLSIm not an expert im just sharing my views on HAVELLS for tomorrow
Im not responsible for any profit or loss this is not a recommendation
HAVELLS AT KEY LEVEL!Havells is getting rejection at key level
Drawn the possible target areas!
enter when you see rejection!
HAVELLS SELL / DISINVESTMENT CHARTSELL THE STOCK IN RANGE
FIRST REVERSAL R1 700 TO 705 SL FOR SELL 720
TARGETS 693/680/666/648/620/AGGRESSIVE TARGET 579
SECOND STRONG SELL ZONE R2 730 TO 735 SL FOR SELL 770
TARGETS 705/693/680/666/648/620/AGGRESSIVE TARGET 579
POSITIONAL SELL IN FUTURES / OFF LOAD THE STOCK
Havells on breakout level ready.Stock of Havells is at BO level & forming the higher highs. We can see the double bottom is forming on the charts & stock is trading above the 20 EMA level. Here we have good reward to risk ratio as 1:3. Divergence sign is also in bullish mode. Long entry can be taken above the price of 645 after the BO of resit.level for the next target price of 665 with the SL of 628. So add the stock in your watch list to see the price action movement of the stock.
Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. Request to like & follow for more such ideas of technical analysis learning.The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask.
Havells India Ltd. Havells India Ltd. closed above resistance level whereas
Technical indicators are bullish.
If price trades above today,s high 654 near by resistance is 665 and and support is 100 day sma(638) on hourly chart.
