HAVELLS trade ideas
Havells India will Light you Up SoonIn Technical Analysis, their is a very simple pattern which is made by using Simple Trend Lines and Horizontal line and it is called as Flag and Pennant Pattern. And we can see that in Havells India Daily Charts, their is a Big Bullish Pole from the range of 827.55 to 1207.45 and than the candle Stick breaks down for a short time (Short Down Consolidation) and it simply shows us that the Candle sick had formed a Flag Type pattern and whenever, this type of pattern is formed, we can see a big hipe when the stock candle stick crosses the Upper line of the Flag or Pennant. The Targets can be the height of the pole or The horizontal lines whch can be manually created by Trend Lines. So as per the Flag and Pennant Pattern, we can estimate that Havells India is a Good Stock to Buy now.
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Havells India analysisWe will go long if Price sustain above 1100 level by keeping 1060 as Stop loss & TGT is 1190
*Always Enter With good confirmation & Maintain proper Risk Reward.
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