HAVELLS trade ideas
Havel's India Weekly AnalysisHavel's India Weekly Analysis
This is how Havel's India Weekly Chart looks. We can see Symmetric triangle pattern is forming. Wait for the proper breakout or breakdown. If you see properly we can even see kind of head and shoulder pattern also. Target, support and resistance is given in the chart.
This is just a view, is not a recommendation to trade. Comment your opinion.
Inverse Head and Shoulder in HavellsChart -> Havells Daily
Havells has given an inverse head and shoulder breakout on the daily chart.
CMP: 1288
Targets: 1327, 1411
SL: 1210
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
watch for triangle breakoutbuy above 1277 for intraday and swing
for swing keep stoploss below 1200
For stoploss in Intraday use 5 minute chart and see nearest support.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis
NOTE: For Gapup or bo before 9:20
If gapup is more than 1% from bo level than avoid completely.
if less than 1% or gives bo before 9:20 than wait for
first 5 minute candle and entry above 5 minute candle
and revised SL below candle Low.
Watchout for trendline breakoutThe stock is making a double bottom pattern and testing it's 10 month old trendline.
Buy positionally above 1277 level (closing basis) for first positional target of 1320.
Disclaimer: This idea is for educational purpose and kindly buy as per your risk management. I always encourage partial booking 1-2% profits and use a strict trailing stop loss. Idea is positional and only carry position on day closing basis.
Learn & earn,
Dr . Tanya Kumar