HAVELLS - COMPLETED 4th Wave - Double Bottom with 20 POINTS RISKHAVELLS: CMP 1610
4th Wave has ended at 1590
On Houly and Daily it has made Double bottom at 1590 and that could be the strong and LOW RISK SL for longs
Keep in Watchlist and wait for price action confirmation on hourly to break above the swing HIGH.
HAVELLS trade ideas
HAVELLS Trading within Tested Demand Zone of ₹1705 to ₹1656.2HAVELLS, with a last traded price of ₹1673.05, is positioned in a previously tested demand zone ranging from ₹1705 to ₹1625.2, initially marked on May 17, 2024. This range could act as a supportive price floor, encouraging potential buying interest. Investors may find it beneficial to observe this level for possible recovery or demand-driven price activity.
Havells India Ltd view for Intraday 4th October #HAVELLSHavells India Ltd view for Intraday 4th October #HAVELLS
Buying may witness above 2002
Support area 1980. Below ignoring buying momentum for intraday
Selling may witness below 1949
Resistance area 1980
Above ignoring selling momentum for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
HAVELLS (BREAKOUT ) A symmetrical triangle breakout is a common pattern in technical analysis. Here’s a quick overview:
Symmetrical Triangle Pattern
Formation: This pattern forms when the price of a stock consolidates, creating two converging trend lines with opposite slopes. These trend lines connect a series of sequentially lower peaks and higher troughs1.
Indication: It represents a period of consolidation before the price breaks out, either upwards or downwards1.
Breakout: The direction of the breakout (above the upper trend line or below the lower trend line) indicates whether the trend will be bullish or bearish1.
Trading the Breakout
Bullish Breakout: If the price breaks above the upper trend line, it signals a potential upward trend.
Bearish Breakout: If the price breaks below the lower trend line, it indicates a potential downward trend.
HAVELLS - Hormonic - Reversal - Short HAVELLS is nearly Hormonic Potential reversal zone, 2111 to 2127 in-between these zone once market will touch we anticipate market will reverse, and RSI also nearly 76+, seems like a over bought. we expecting HAVELLS will reverse 3 to 5 percent form our reversal zone.
Education purpose only.
Entry : 2111
SL : 2127 (Need Day candle close above these level)
Target : minimum 2%
Regards
Sathish.
Havells good upside move(Diwali special)Diwali special stock havells. Ready for good move. 2000 breakout can lead to 2260 2400 2480 2560 2620 2700 2835. Follow the targets.
Keep this in mind. Options is a dangerous instrument to play. Please do not go wild on anything unless you know exactly what you doing. Even though your direction is right still you tend to loose in option buying. And market can always prove me wrong and i take that rights too. Experience traders also fail in this market. Only risk management will give you an edge. Don’t take any trades without SL. Respect the market, Ungli nahi katoge to pura hath katna padega. Beware.
DISCLAIMER: I AM NOT SEBI REGISTERED ANALYST. ALL POSTS ARE EDUCATIONAL PURPOSES.NON ADVISORY, DISCRETIONAL NO CLAIMS, RIGHTS RESERVED. I AM NOT RESPONSIBLE FOR YOUR PROFIT OR LOSS.
Bullish Swing Trading Setup in HAVELLS INDIA LTD
Today Havells performed well after breaking it's major resistance of 15 minutes.
My expectation is bullish for few trading sessions but only after a retracement.
If Price retrace then I will have bullish overview for a swing, so it's better find bullish opportunity for upswing. If price sustain above previous resistance which can act as a support.
This is just a overview, I am not recommending to buy or sell. This information is just for educational purposes, remember I am not SEBI REGISTERED
HAVELLS - Ichimoku Breakout📈 Stock Name - Havells India Limited
🌐 Ichimoku Cloud Setup:
1️⃣ Today's close is above the Conversion Line.
2️⃣ Future Kumo is Turning Bullish.
3️⃣ Chikou span is slanting upwards.
All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 2050.
🚨Disclaimer: This is not a Buy or Sell recommendation. It's for educational purposes and a guiding light to learn trading in the market.
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Havells cmp 2006.55 by Weekly Chart viewsHavells cmp 2006.55 by Weekly Chart views
- Volumes are steady to increasing regularly on demand based buying
- Weekly basis Support at 1815 > 1585 > 1370 with Resistance only ATH 2023 and each New ATH
- *Price movement traversing within an assumed combination of Darvas Box + a Bullish Rising Parallel Price Channel*
HAVELLS (FLAG&POLE)PERFECT Consolidation - done
textbook chart pattern rare to find - done
Breakout + breakout - smooth
just hold and ride the trade
What Is the Flag and Pole Pattern?
Imagine a flag on a pole—that’s the mental image we’re going for.
Pole: First, there’s a sharp price move (either up or down). This rapid movement creates the “pole” part of the pattern.
Flag: After the pole, the price enters a consolidation phase. It’s like the market catching its breath. During this period, the price moves within a narrower range.
The flag can take different shapes:
Sometimes it’s a horizontal rectangle (like a flag hanging straight down from the pole).
Other times, it’s angled away from the prevailing trend (like a flag fluttering in the wind).
Psychology Behind the Pattern:
Despite the strong vertical rally (the pole), the stock or asset refuses to drop significantly during the flag phase.
Bulls are like eager shoppers—they buy every dip, unwilling to wait for better prices.
The breakout from a flag often results in a powerful move in the same direction as the pole. Traders measure the length of the prior flagpole to estimate the potential target.
Variants:
There’s also a cousin called the bullish pennant, where the consolidation takes the form of a symmetrical triangle.
Remember, these patterns work similarly in reverse:
Bear flags (bearish version) and pennants signal potential downtrends.
Examples of Bullish Flags:
Let’s look at a couple of visual examples:
Bullish Flag Emergence: Consider Answers Corp. The tight consolidation after a strong rise forms a bullish flag. Bulls are buying aggressively. The target? Around $9.50.
Rectangular Bull Flag: America Service Group Inc. shows a rectangular bull flag. Notice the long lower tails on the candles—clear signs of buying. Volume patterns matter too!
Havells LongChart has been forming Cup and handle pattern on daily time frame for breakouts done. All the breakouts done are with good volumes.
Recently it has touched the all time high of 2023 in the last trading session and has closed at the resistance level of 1988 which it last tested in Jun 2024.
Stock is trading above its 20 EMA and 100 EMA for both short term and long term.
RSI and MACD both are bullish.
Considering the above mentioned details we can go long for the target of 2200 and stop loss of 1970.
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Havells: ready for a speedy moveAs Stock gave a breakout and also sustained and close above the previous close
also approaching a new range (ABove 2000) we can see a good 8-10% move in the coming 3-4 weeks.
SL should be kept at 1930 and targets are 2140-2180.
It does not constitute and cannot replace investment advice. We therefore recommend that you contact your personal financial advisor before carrying out specific transactions and investments.
ple n flag in HAVELLSHavells India Limited is a leading Fast Moving Electrical Goods (FMEG) Company and a major power distribution equipment manufacturer with a strong global presence.
It enjoys enviable market dominance across a wide spectrum of products, including Industrial & Domestic Circuit Protection Devices, Cables & Wires, Motors, Fans, Modular Switches, Home Appliances, Air Conditioners, Electric Water Heaters, Power Capacitors, Luminaires for Domestic, Commercial and Industrial Applications