Havells Long term support breakoutHavells has done a breakout from a long term support after several month consolidation
HAVELLS trade ideas
Buy HAVELLSAccording to chart anylasis its given channel breakout and closed above upper trandline.
Buy : 1080
Target : 1100-1138-1150++
Havells - Box pattern breakoutPrice after a big bull run trades sideways and now its all set to break the box pattern. Wait for the break and trade.
HAVELLSPrice Consolidated long time from the last 3-4 months.
Trendline breakout and retested.
Can Go Long for big targets.
What is a Stage 2 Mark-up and why it is liked by swing traders?Great setup being formed as the stage 1 accumulation seems about to end. Thus, stock is ready to enter the favourate phase of every trend following trader i.e. Stage 2 Mark-up period.
Now,
What is a mark-up period?
Here, a stock exits a phase of accumulation where smart money accumulates a large chunk of share from the market and picking all the offers made by the sellers. Thus, sucking the liquidity and at this point, a simple maket order will take all the shares from the sellers accending the price upwards. Here all the short sellers are trappeded, therefore, making the stock a good candidate for sidelined cash to enter.
Trendline breakout and retested Trendline breakout and retested also 3 times the upper resistance worked and this time it will be broken with huge 8% move
Keep on radar. Havells trend breakout.Descending Trendline break out.
Have taken support on 62% retracement.
Breakout in HavellsA Triangle pattern with a respected trendline and a higly support zone.Good Beakout and Retest of a triangle pattern is seen in Havells daily Chart.Go for long position with pivot levels as target.
3 Targets hit in Havells today. New Targets for HavellsNSE:HAVELLS
Today, 16-07-2021, it hit our all 3 targets. Even made day high at target -4 which was not mentioned before. And Today it closed above our 3rd Target. this will act as good support zone. Don't take buy trade if the stock is trading below this range.
You can only take fresh buy trade above 1076 only.
And once it breaks the 1100 resistance then there will be long rally upside for few days to reach up to 1200 easily. And one can take positional trade.
All the best for trading in next week.
Havells: Looks good for +1200Havells if it breaks current level suscessfully then we can see +1200 in this
buy above given level-possible breakout of flag pattern.
-bounced from support zone so expecting to atleast reach the nearest resistance zone.
- if breakout is sustained we can expect 10-12% gain from current levels
havells ready to fire up or not?havells ready to fire up with target of 1100.
buy @ 1045 for target 1100
stop loss 1014.65.
disclaimer: this is for educational purpose. Trading on this counter is individual's choice.
Havells near breakout Havells on near break out ema 20 also cross over but volume confirmation is not good do kindly wait see but add in u r watchlist
This is for educational purpose only be trader be educator ..👍🔥
