Analysis of HAVELLSAs you can see, price were trading at 0.5 Fibonacci level. I was expecting, if price break that level it will go down, if not then it will go up. But most of the time it goes up and you can see the hammer was at that level. For our simplicity I removed fibonacci from my first post, so it looks clean.
HAVELLS trade ideas
Havells in going for trend reversal -- going into bullish zone The Havells is forming a bullish Gartley pattern in the daily chart. We can expect a target of 508(38.2 % of AD) followed by a target of 533(61.8% 0f AD). Rsi is also at a previous supply zone.
PS: This is purely for educational purpose and trade with caution.