HAVELLS trade ideas
HAVELLS, MOMENTUM TO CONTINUE ON BREAKOUT (CHART# 356)HAVELLS is respecting its previous high peak from Jun 2019. After good momentum move in last week, it is taking some rest at 815-825 levels. Once it breaks 830, it will continue momentum.
Weekly chart view
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Piyush Gupta
Example of Expanding Triangle Howdy Traders,
we already know that Triangle occurs in Corrective waves and Diagonal occurs in Impulsive waves.
Their are three type of Triangle
1)Expanding Triangle
2)contraction Triangle
3)barrier Triangle
Their are 2 types of Diagonal
1) Leading Diagonal
2) Ending diagonal
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This is the example to expanding diagonal
Rules :
wave C,D,E each moves beyond the end of the preceding same - directional sub wave.
sub waves B,C and D each retrace at least 100% but not more then 150.75 % of preceding sub wave.
sub waves B, C, D usually retrace 105 to 125 % of the preceding sub wave.
No sub wave has yes been observed to subdivide into a triangle
Stock Analysis of Havells Ltd.Price - ₹727.90 Dt. - 31-10-2020
Stock is in the uptrend from late May. On a daily chart, the stock is consolidating near the support line placed at ₹709.65. In 2 or 3 trading sessions the stock can take the support of trendline and can resume the up move. Apart from the trend line, the stock will also take the support of 21DEMA. Price if move in the up direction as per the expectation then it can give nice 10% profit in the few weeks. RSI is near the 70 levels.
Havells India Ltd Technical Analysis .Hello friends , Today i have the technical chart Of Havells India Ltd . Friends as you can see here that it was in a up trend but now it can go down because it is making a " Rising wedge " and Also Making Bullish Harami Candle Stick Pattern Which shows that i could be right at here . But remember that it can break upper trend line from where i have shown down because it will be a False Breakout and if you buy at there the trade can be in profit for 5 - 6 day After than it can be in loss because it can go down from there and also remember it will go first and then up from the Resistance it can go down as shown in the picture ,Thus it is also near the breakout point .Its Support price you can see that it is on its support and its target you can take for is at Rs 680 and if it goes down how i have shown so the stoploss you can take is at Rs 442.90 and remember to read out the notes and other things written on the chart and i have showed the nearby support you should also see the marked Supports and Resistances on the chart and Please give your Precious time and like all my ideas so that i can know that you like my ideas which i publish and my channel
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