Consumer Durables - Buying happening in this sectorBuying happening in Consumer Durables sector
Mainly AC, Fans related.
Keep an eye on Havells, Vguard, Symphony, Orient Electric, Voltas, Blue Star.
Some of these name already raised with volumes.
Crompton, Orient Electric may catch up in the rally, keep an eye. Strict SL is must.
Always first ones to raise in the sector are the strongest ones, big players are more interested in them.
You do not have to trade. Observe the sector when the prices are moving higher then apply to other sectors and stocks in future.
HAVELLS trade ideas
Amazing breakout on Weekly / Daily Timeframe - HAVELLSCheckout 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 amazed!!
#No complicated chart patterns
#No big big indicators
#No Excel sheet or number magics
TRADE IDEA: WAIT FOR THE STOCK TO BREAKOUT IN LOWER TIMEFRAME AND RETRACE IF NEEDED. SL IS NEARER SUPPORT ZONE IN Daily TIMEFRAME.
PS: No new Nifty500 script can escape from me when making a breakout. :-)
HAVELLS : Booked a profit of 10.38% on the invested capitalI 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 the low of the diverging channel.
Feel free to follow me for updates on my positions and market insights. Additionally, I welcome your feedback and opinions in the comments section below this post.
Other posts related to this particular position and scrip will be attached underneath. Do check those out too.
]Disclaimer: The analysis shared here is for informational purposes only and should not be considered as financial advice. Trading in all markets carries inherent risks, and past performance is not indicative of future results. It's essential to conduct your own research and assess your risk tolerance before making any investment decisions. The views expressed in this analysis are solely mine. It's important to note that I am not a SEBI registered analyst, so the analysis provided does not constitute formal investment advice under SEBI regulations.
Ascending Tiangle Formation in HAVELLSAscending 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)
HAVELLS : Re-entering into the positionI 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 exit when price reaches the upper trendline of the channel, for a profit of about 12% on the current invested capital.
HAVELLS : Booked a profit of 13.41% on the invested capitalI 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 inflection levels.
Previous posts regarding the same is attached underneath. Do check that out.
C&H for Havells IndiaHi 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 analyze yourself .
Happy Trading
Havells Short Term TradeOn 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.
Havells India - Stock to Buy
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 9:16 AM till 12-1-23 1:42 PM
Disclaimer: I am not a SEBI Registered Analyst. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits/losses. This is only for educational purposes.
Let you grow. May! I follow you.
Havells India
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 above high of this and sell below low of this.
Disclaimer: I am not a SEBI Registered Analyst. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits/losses. This is only for educational purposes.
Let you grow. May! I follow you.
$NSE:HAVELLS SIP when others are fearful for financial freedom. 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.