NSE:HAVELLS
Havells at crucial level it can move both the sides (UP/Down),
But i feel if it sustain above 1370, we can see trend reversal.
Targets 1392-1394, 1400, 1406
there is a possible bearish harmonic pattern but will be confirmed only when closes below yellow line as shown on chart. Also there is a possibility that it is consolidation 1398-1445, one can also long till 1445 and short there for target of 1355 and candle must not close above intersection of falling red line and yellow line shown with yellow circle(stop loss...
Havells have make bearish crossover and its now in resistance zone, but at this time not confirm bearishness. it can be sell below 1380. if it's cross 1380 then sell it with sl of 1537 and target is 1290 and 1225
Havells has done a round bottom recovery and is consolidating against 1231 level. One of the two things can happen… either the stock will give a break out or may form another small round bottom making it a cup and a holder formation. Two targets of 1400 and 1600 are likely in mid to long term. Stoploss can be 1180
After falling to the level of 1391 in an impulse manner there is a pullback to the level of 1454 in a three waves . The pattern suggest that the stock is forming a zig-zag corrective pattern. One should go short on cmp i.e. 1430-31 with SL of 1455 & look for the tgt of 1365 zone.
havells going up if the market is going positive and flat behave tomorrow. you can inter in this tread when the line is cross and with a big bull candle and volume and first candle above you can buy. but market sentiment looks like negative so be careful. and never tread havells short
