HAVELLS trade ideas
Simple Trade Setup | HAVELLS | 15-11-2021 [INTRADAY]NSE:HAVELLS
Observations:
1) On Daily time frame, It gave breakout of 1360 level and closed above it.
But it faces resistance from 50DMA.
One positive thing is that it is trading above 21DMA.
50DMA is placed at 1378.06 and 21DMA is palced at 1334.04
Please refer below chart : 1 day Time Frame.
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Trade Setup for Date: 15-11-2021
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
HAVELLS LongPrices are on recovery retracement mode for a retest of 1450 level
All Levels Mentioned On Chart
How to trade the setup?
When the chart says Long or Short at particular level, Put a Stop Order at those levels, Levels are strict
T1 : is Target 1
T2 : is Target 2
When you achieve your first target, book profits of 50%
and shift the stops to the cost
The term Catastrophe Stop, is a maximum movement of price that can happen in opposite direction of trade
so that the setup remains valid, Its basically used, to give some breathing space to the trade,
I may call for a recovery if the setup becomes invalid as the market progress.
As we all know anything can happen in the market and we should respect that
The Idea is for Educational purpose only
At Last, do your own analysis, before trading your money!
#HAVELLSSimple ways to exit helps you protect your capital
Here 1453.20 was the ISL which was executed after a minor HH and sudden SC formed later
A retest was done with another LH which was the last point for sell after the overlap
Simple and effective, maintain your portfolio at the peaks.
Later W CCI crossed below 100 and stock does 1210 from 1504 high in 4 days!
Being Alert is the only key.
Simple Trade Setup | HAVELLS | 25-10-2021 [INTRADAY]NSE:HAVELLS
Observations:
1) On daily time, it is stucked between 50DMA and 100DMA.
Good thing is that it took support from 100DMA.
On 22 Oct it made doji candle and also gave close above 1280 level which was earlier resistance and breakout level.
If it maintain above 1280 level then this level will be now support level and we can see bounce back from this level.
Please refer below chart : 1day Time Frame.
2) On 15min time frame, we can see bullish divergence. As price is making alomst flat lows while RSI is making higher lows.
Please refer below chart : 15min Time Frame.
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Trade Setup for Date 25-10-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Ascending triangle pattern in havellsAscending triangle pattern
Stock near 20 dma high.
Good volume green candle.
Near horizontal resistance breakout.
Buy above 1483 for target of 8 to 10 percent.
Stoploss is below last good volume green candle.
Risky people can put sl below 20 dma low.
This is only for education purpose.