HAVELLS- Rising wedgeStock seems to be taking support at 50ema in daily timeframe.
Close below 50ema (daily timeframe) can be used as SL.
HAVELLS trade ideas
Interesting Horn like patternidk, what it signifies, maybe a breakout, can anyone through some light on this, I'm assuming a bearish breakout, anyone !!! ?
#Oct13 - HAVELLS (intraday)The stock has been trapped in a channel for a long time. Last day, it broke out of the pattern and also retested the trendline today, so we can see trend continuation next. The bullish trend will be confirmed if the latest high of 710.5 is broken. This is an intraday as well as swing pick from my side. Also note that trend reversal can happen from resistance.
Buy above 710.5
Sell below 702
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
Follow me on tradingview to get such intraday and swing picks everyday.
Happy Trading!!
Havells - Ascending Triangle Bullish breakoutNote: This is for educational purpose only. Please do not trade in F&O based on this analysis.
There is an ascending triangle bullish breakout with ultra high volume. Moreover, there seems a trend line breakout in RSI as well. RSI above 65 indicates bullish momentum.
#Oct12 - HAVELLS (intraday+swing)The stock has been trapped in a channel for a long time. Last day, it broke out of the pattern and also retested the trendline. The trend will be confirmed if the latest high of 710.5 is broken. This is an intraday as well as swing pick from my side.
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
HAVELLS BRAEKOUT TODAY GOOD FOR BUYINGBUY 698 TO 702 FOR TARGET OF 720+ SHORT TERM WITH STOP LOSO 690
#HAVELLS DAILY CHART VIEW!!#HAVELLS DAILY CHART VIEW!!
Havells India Ltd. is trading near resistance.
Technical indicators are bullish.
If price trades above 693 level near by resistance is 722 and support is 667 on daily chart.
HAVELLS, CONSOLIDATION, FIBO & LONF TERM RESISTANCE (CHART# 327)HAVELLS have 3 factors weighting on its up-move in coming days.
1. It is currently at 78% fibo level from last swing high which is acting as resistance.
2. 688-692 is important resistance level respected for last 2 years
3. It has been consolidating (lose ascending triangle) in last 15-18 days.
Breakout above 692-693 can result in good move and it able to sustain above 700, then can be a good pick for positional as well. NIFTY trend in up coming days will also govern its movement.
Watch other ideas AMBUJACEM, TCS & TITAN which are also high probable setups.
Thanks
Piyush Gupta
Havells being traded in a channel for one monthIf rejected at 660 -665 level it can bounce back to 700
HAVELLSIm not an expert im just sharing my views on HAVELLS for tomorrow
Im not responsible for any profit or loss this is not a recommendation
