NSE:HAVELLS
Observations:
1) On 30min Time Frame, Still it has been taking support from parrallel accending support zone from long time. And it closed just above that upper trendline same like the previous trading day.
Please refer Chart below: 30min time frame.
2) On 1hr time frame, it is still in accending triangle pattern. Breakout of 1260 level on...
NSE:HAVELLS
Observations:
1) On 30min Time Frame, It has been taking support from parrallel accending support zone from long time. And it closed just above that upper trendline.
Please refer Chart below: 30min time frame.
2) On 1hr time frame, it is making accending triangle pattern. Breakout of 1260 level on hourly time frame will give good up move and...
🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have...
NSE:HAVELLS
On Daily time frame it has made rounding bottom pattern breakout.
Please refer below chart.
Tomorrow if it open minor gap up or flat and takes support from 1225 then it will be buy trade entry.
And if it breaks the 1225 level then it will be sell trade entry.
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Simple Trade is explained on 15min...
NSE:HAVELLS
Simple Trade Setup for Havells For date 09-08-2021.
Chart and levels are easy to understand.
Trenline-3 which was working as resistance before now it is working as support. You can zoom out and watch the trendline for your reference.
Do comment your doubt or suggestion.
all the best for the upcoming trading days.
On a daily chart frame, HAVELLS has provided breakout of 2 critical resistance levels-
first at 1084 where it was struggling since 17th march.
Second critical breakout was at 1182, for which breakout happened on 2d Aug.
It will comeback to retest the last resistance as support and its near by target if taken support is 1360 & 1400 by September end.
If you lie the...
A tight stop below the zone with the target for the upside at 1220 can be considered. Havells has quarterly results coming up in 11 days. A good result can further boost the stock on the upside.
Havells Should trade below today's low 1212 for an intraday entry on 6th August. False breakouts tend to move faster than usual. Let's wait and watch in the live market.
The stock has broke out from the resistance with good volume and the candle on 4th aug has respected the earlier resistance as support, follow the price action for long entry
