HAVELLS trade ideas
Havells - Tame the tradeHavells:
*Weekly* chart indicative of positive RSI divergence, and historically, the stock has bounced back when its RSI touches ~35 levels...the RSI ranges between 35-75 levels on the *weekly charts*
In the weekly view, the EMA's have started acting as a resistance and the current stock price is below the
Long abv 635 (cash)
Havells LONG - Longer time frameLonger term chart showing completion of wedge pattern, and indicating upside breakout on long time frame.
Resistances marked out on the chart.
Havells - Respects Price Polarity Havells is in a precarious position. The stock has managed a short-term bounce recently which now faces resistance from erstwhile supports in the range of (620-640). Sharp price volatility which we noticed yesterday can be a sign of shake off which can now lead further weakness. Trigger for this we will get once the stock breaches the low of 615. From a bullish perspective the stock should attempt to move above the 620-640 resistance zone as soon as possible, or else a failure to do so will lead to further price weakness.
Sell Havells India | Expected Profit 5-6% | Arijit BanerjeeGoodluck Capital Recommendation:
Sell Range - 630-615,
Target - 594-588,
Stoploss - 640,
Maintain recommended stoploss by daily closing basis.
Once 1st Target hit, reset stoploss at 606.
Price up - volume down.... # HavellsContinue with position with respect to my last post on Havells. #short
and follow stop loss.
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Havells . NEAR !!!!! Havells
630 good resistance
keep in watchlist .
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Long ( Short Term Trend) One can wait for daily bullish close , for entry and look to book at top of the range
Havells- Can see pull back to 650-660Irrespective of results, expecting to pullback in 2 or 3 days will reach 650-660
HAVELLS Bearish ViewAs per my chart analysis, Havells (SPOT) sell below 620.00, SL= 635, TP1= 580, TP2= 560.
Guys, I have been trying to read chart analysis and I found this on Havells Daily Chart. If wrong then please correct me with your suggestions. Suggestions are highly appreciated.
Recommendations are only for education purpose.
Thanks,
Result bet on HavellsHavells is constantly in down trend but I am hoping a turnaround
after results
Hoping for short covering and if turns then buy at around 620
with SL 610
target 650
I personally invested at 620 with little bigger SL
