Price is falling for the last few days and now it is at trend deciding zone. If price is unable to gain bullish strength, then we can expect more fall.
Buy above 1510 with the stop loss of 1503 for the targets 1518, 1526 and 1534.
Sell below 1495 with the stop loss of 1503 for the targets 1487, 1478, 1470 and 1462.
Check the live market updates.
Hit the like...
FOR LEARNING PURPOSE
HAVELLS INDIA - The current price of HAVELLS INDIA is 1510.65 rupees
I am going to buy this stock because of the reasons as follows-
1. Its coming out from a good consolidation base
2. The breakout candle is good with great volume
3. Its at ATH and now its retesting the last breakout zone
4. It is showing...
HAVELLS has been in range bound correction for the last 2.5 years.
Recently it has given breakout from resistance zone of 1450-1480 levels, gave re-test and now bouncing from that zone. Looks good for long from the current levels of 1550.
Target: 1850+ (as the period of correction is higher, we can expect a 50% - 70% move in coming weeks)
SL: Daily candle close...
Havells India is exhibiting a classic breakout-pullback trade setup. The price has breached its significant resistance level at 1460–1470 and retraced back to this zone. It has reversed off the support of the rising trendline, the 50-day moving average, and the support area. Additionally, a bullish engulfing pattern on the weekly timeframe indicates buyer...
If it closes above 1470 on Friday the breakout will be confirmed.
Target 1850
SL 1420
It is now trading at life time high, this may be start of longer-term trend.
Havells appears promising for long-term investment. While it has been experiencing a correction phase since late 2021, recent developments suggest that this phase may be nearing its end. The stock has exhibited a strong reversal pattern, as depicted in the image. Consequently, it's showing signs of resuming its upward trajectory.
Should have caught this sooner, but now that I notice, HAVELLS broke out of a long range BO on weekly timeframe and this week due to volatility is pulling back a bit, one might think its a chance to get in so thought of sharing a few RS scores as well to help anyone consider that thought:
16th Feb - 27
23rd Feb - 30
1st Mar - 36
Today - 41
So the RS scores...
Disclaimer: I am not a SEBI Registered person not this is an investment advice, just my personal views and Opinions.....and Ideas are always welcome as it helps us grow together.
Havells has given a fresh lifetime high breakout above all the previous resistances which have been present since 2021. The pattern looks very promising, do not miss this opportunity to invest in one of India's leading FMEG company. This is a positional trade, holding period will be around a year or more. Expect good returns as the sector, consumer products, has...
Nifty 500 stock - HAVELLS
1. Trendline Resistance BO with strong master bullish candle
2. Volume spike (almost nearby all time high volume)
3. Clean multiple touches on the Trendline Resistance
4. Looking good with Weekly time frame chart
5. Waiting period : Minimum 3-6 months
6. Best buying zone : 1510-1490
7. Target1 : 1990-2010
8. SL : Below 1300 on weekly...
Havells made strong marubozu on weekly scale and looks ready for next move.
Will look for entry points on pullbacks with stop usually in 6-7% or worst 10% at 1413 below which must exit.
Don't trade in FnO based on this analysis it can go wrong
DISCLAIMER:
There is no guarantee of profits or no exceptions from losses.
The stock and its...
Stock has given a strong weekly breakout..
Stock can move 10-20% from here in coming weeeks..
Buying on dips suggested..
Stock should see all time high soon..
Stock can see levels of 2000 also in coming months..
![HAVELLS: HAVELLS Long base BO [WEEKLY]](https://s3.tradingview.com/c/cS4NR4ro_mid.png "HAVELLS Long base BO [WEEKLY]")
