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
NSE:HAVELLS
Today, 02-08-2021, It was trading between our pre-decided levels. And also it took resistance from Trendline-3 and Took Support from Trendline -1.
Chart with levels and Trendline is very easy to understand. Now Target -1 will act as entry point on the buy side and all above levels will act as resistance and target. If it breaks the Trendline-1 then...
NSE:HAVELLS
TRADE SETUP FOR 02-08-2021
From the chart is has been taking support from two trendlines. Trendline 1 and Trendline 2.
It closed near to the trendline 1.
Tomorrow if it trade above Trendline -1 then it has a bit strength to go up. You can follow the levels mentioned on the chart. And if it fails to hold support then wait till it takes the...
