HAVELLS trade ideas
HAVELLS Bull Flag Chart Pattern Bull Flag Chart Pattern .The bull flag pattern is a great pattern to add to a forex trader’s technical arsenal. Explosive moves are often associated with the bull flag. This article will look at the potentially higher probability forex trading opportunities of the bull flag pattern.
HAVELLS - Wait for a bullish close on D chart💲💲 FOLLOW me @Averoy_Apoorv_Analysis and get these free analysis :) 💲💲
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➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
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Havells India - Bulls are still alive.NSE:HAVELLS may let the bulls rule over the bears. NSE:HAVELLS has crafted multiple price action patterns like Pole & Flag, Falling Wedge, Pennant. After getting a bullish breakout from falling wedge pattern, it got trapped in the pennant pattern ( T3 & T4 ) and the price is taking support at T3, now it looks like price may move upside once again.
One may initiate a long position as per price action.
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Havells - Falling wedge BO + Ascending triangle formationKey Highlights:
1. Bullish market structure
2. Volume expansion
3. Trendline breakout
4. Falling wedge breakout
5. Ascending triangle formation
6. Support zone: 970-990
7. Target: 1077, 1135, 1189, 1232
8. Stop loss: 985
You are always advised to use an appropriate Risk-Reward ratio as per your strategy.
P.S: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
FY21-22 Swing Trade Idea #68: Long on HAVELLS This is a public swing trade idea (other private ideas accessible through website) and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow if you want to get further updates. Our objective to help anyone who wants to learn technical analysis using charts. You can post your queries in comment section here and we will try to answer asap.