Range Breakout after consolidation.A range breakout has happened after few days of consolidation. Should show some positive results in few days.
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HAVELLS - TRIANGLE PATTERN - SWING TRADEMy view is that the stock will move up from here since it as the bottom of the pattern. It may not sustain if broken because the build up is not yet formed.
Note:
Avoid the stock if a big gap up or gap down is seen
Enter after the breakout happens and not before it
Do not chase the market, i.e., do not get involved in late entries
Only enter with strict stop-loss and target
This is not a recommendation and is for educational purposes only.
always follow risk-reward and quantity management for the 100% of the times
The above mentioned idea may not work, so beware of the risk you are taking
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Happy Trading!!
DAILY SWING CALL // Thursday 3rd of December 2020 // HAVELLSDAILY SWING CALL // Thursday 3rd of December 2020 // NSE:HAVELLS
// This is a swing trade call and not an intra-day trade. Please do not expect the stock to go up on the same day of posting or within a few sessions. Please follow the notes along with the posting before, during and after entering the trade //
CMP / LTP: 836.35
TARGET: 962+ (15%)
STOP LOSS: 752(10 % Max)
DURATION: In 15-20 Trading Sessions Target should be achieved
FOR STANDARD NOTES / DISC: Please refer my earlier posts on Tradingview.com