HAVELLS trade ideas
Havells: Weekly channel, Daily head and shoulder, divergences..A weekly channel completes its 3 wave and is at the upper end of the channel waiting for a breakout because just before there at the weekly chart, there was a bullish divergence in the MACD histogram. In the daily chart there is a head and shoulder pattern and the prices are at the neckline. An entry on the breakout would be suggested as that would be a breakout in the Weekly channel too! If you draw a horizontal line from the previous support, the change in polarity line is here too. So amongst a lot of resistances, if the prices take off the neckline, the probability of this trade hitting highs is higher! I would wait for a breakout before any bias as the level now is a strong resistance and it could fall if does not break it if the bearish divergence in the MACD histogram is confirmed in the daily chart.
So plenty going on! watch and trade!
Havells LongThe price has found support 2 times at the same marked level of 467. I am expecting the stock to move towards the upper end (510) of the fairly wide range it has created recently.
HAVELLS INDIA - BULLISH SIGNS!!HAVELLS INDIA
The stock has given a breakout from the trendline in the hourly chart and is consolidating below the resistance level at 555.
RSI is in Bullish Zone.
***TRADINGEDGE TIME-TREND INDICATOR IS BULLISH***
***TE BANDS ARE IN GREEN ZONE***
One the price gives a breakout above 555 with Volume, we might see a short term strong uptrend till 572-575. Nearby support is 540.
KEEP AN EYE!!
#tradingedge_academy #SMTA_institute
***this is my personal view. Please take advice from your financial advisor before investing.
Havells ViewBoth ways Trades can be executed
Please keep nifty view before executing Trades.
Line & comment if you find this useful
Havells longNSE:HAVELLS
Near Resistance line, If it break red line and close above 554.5 then you can go for long.
Plan your trade according to your risk :)
Please like if you think its useful. which can motivate to share more ideas :)
JUST ABOVE RESISTANCE.. If SUSTAINS ABOVE 551 might see a jump of 3-5-7-9 -11points.. SL: KEEp watching this space during market hrs...
Havells - Short idea Havells
Repeatedly testing 575 resistance level and 460 support levels.
As we can see the pattern and if trend continues, Havells will test 480-460 levels in next couple of sessions ...
Pls add to watch list and trade as per trend.
SHORT HAVELLS if it comes to 563 levels target 556/553 , SHORT HAVELLS if it comes to 563 levels target 556/553 , stoploss 567 for now
HAVELLS CASH : GOOD SELL ONLY BELOW 552 LEVELSHAVELLS CASH
03.06.2020
GOOD SELL ONLY BELOW 552
STOPLOSS 560
TGT 542/535
(SUPPORT 535)
CMP 555.35
