Havells seen good volumes buying with upside momentum. stock to continue the momentum till the levels marked. However, the momentum should continue further, as stock is crossing ATH
I do realise that there is a potential move of about 10% more to the HTF channel line. But considering the overall valuation of the market there is a possibility for a correction in the near future. So this in turn may lead to a sell-off in overvalued stocks like the same. Hence decided to book profits.
So booked a profit of about 13.41% at the first key...
Hi Trader!!!
Havells India show a perfect Cup and Handle Pattern on daily chart. The target of the same shall be Rs. 1540 with a stop loss of 1347. The target may be adjusted and for upcoming some sessions and not necessarily for intraday. One may take intraday or swing trades on the same .
Disclaimer:- Before taking any position, you are requested to kindly...
On the daily chart , the level of 1240 is an important support, (purple horizontal line).
On smaller time frame, price has reversed from this level , after a small one month consolidation.
The breakout candle following the consolidation is also supported by a good volume and steep rise in atr.
Thus, there is a short term trade
tgt 1348, sl 1270.
Please refer to my previous discussion on the stock. Buy with a stop loss of 1298. Levels to watch today 1293, 1297, 1301. After 4th it will become bullish. Expect a level of 1400. Please do not take delivery today because option chain is showing max pain of 1300 today. Wait till 4th December and buy above 12-4-23 12:37 PM candle.
Today's range is from 12-1-23...
1. Price has come out from brown colored triangle and has entered yellow one.
2. Intraday price levels have been provided on the right and Swing levels on left.
3. Major Support at low of 16th November 2023 at price level of 1262.5 marked by red horizontal line.
4. Stock is oversold as per William's R%.
5. Pivotal candle for Monday is 11-20-23 11:47 AM. Buy...
NSE:HAVELLS SIP when others are fearful for financial freedom.
Buy a fixed qty each time you get a Buy alert on "SIP Smartly" indicator.
Disclaimer:
This is not a financial, investment or trade advice. Its only for educational purpose.
NSE:HAVELLS SIP when others are fearful for financial freedom. Bargain price.
Share your thoughts in comments.
Ignore if huge gap down or gap up.
Follow strict stop loss.
Disclaimer:
This is not a financial, investment or trade advice. Its only for educational purpose.
NSE:HAVELLS Time to SIP Havells for long term at a bargain
Ignore if huge gap down or gap up.
Follow strict stop loss.
Disclaimer:
This is not a financial, investment or trade advice. Its only for educational purpose.
NSE:HAVELLS Time to SIP Havells for long term
Ignore if huge gap down or gap up.
Follow strict stop loss.
Disclaimer:
This is not a financial, investment or trade advice. Its only for educational purpose.
Closing Range - 19512/19735
Extended range - 19429/19818
Strong resistances of 20 & 50 DMA in 19623-19659. Unless there is a gap up, Nifty will struggle to go past 19660. For any meaningful upward movement, 19700 should go past on hourly chart. Volumes were decent Nifty formed a near Inverted hammer. Downside support is there at 19500 & 19430 for now. Be cautious...
-Weekly Timeframe is bullish
-Daily Timeframe and 4HR has tested it's structure
-50 ema is near the base as a confluence
-Stock is within 10% range of the all time high
