HAVELLS - Intraday Trading Setup for 5 Aug 2020Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade with the help of your financial advisor.
HAVELLS trade ideas
Multi time MV Average support & resistance Multi time MV Average support & resistance in different types of level for studies
HAVELLS INDIA LIMITED Analysis 24.07.2020Above 605 only positive mode is started . so wait for better conformation.If it not open above 605 then dont go for buy.
Buy above 605
First Target 622
Second Target 631
HAVELLS TRADE SETUPTrade with the trend, place your targets and stop loss according to support and resistance drawn.
havellsmy view over the havells is that it is in a long buildup for now and that means it will give a bullish run for some time and if it breaks the resistance of 602 and sustains above for a while the tgt for buy can be 626 and further u can have a look at the chart for resistances and supports.
Havells on breakout level ready.Clearly, We have seen the BO has been completed above the level of 587 & closing of the stock is above 590 . Hence this is the sign of strength & stock is trading above the 50 EMA level & +VE bullish candles forming. Also we have seen the Flag pattern on the charts again the sign of bullishness. So in two ways we can take entry in the stock pull back or BO. Pull back traders wait for the stock to test the support level & in past we have also seen many times this stock retest the support area before moving to the target. For break out traders can take the entry above 592 the next BO of the stock for the target of 605 level. Both ways are good to trade but accordingly you have to keep the SL. So add the stock in your watch list to see the price action movement in the stock.
Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. Request to like & follow for more such ideas of technical analysis learning.The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask .
Havells - LongThe stock is moving in a sideways channel post giving a flag breakout, higher probability of the stock breakout, and resume the trend.
Long - 600
SL - 575
Target - 650
HAVELLS STARTED A SMALL DOWN TREND, ENJOY THIS TRADEFacing a strong resistance at 1/3rd retracement level from march lows, the stock bounced back and started a small down trend. Place targets and stop loss using the support and resistance lines drawn.
HAVELLS IS MOVING IN A RANGEVery good for intraday traders, for positional traders wait for a breakout.
Havells - Accumulate on dipsStudy:- 7th July - Structure is very good.
PCR is neutral; OC is on bullish side; Consolidation was going on and today given break out with good vol and crossed 200 DEMA due to Short Covering rally. But a wick is observed at the top of today's candle. Need to wait till it gives BO over trend line. near to a resistance trend line. Need to wait till it closes above it. Once it closes above it it will move high. RSI has given BO and is bullish;
Probability is of a retracement first from the trend line and then moving higher. Now the Supply zone will act as resistance in future (if it gets a follow through.) Expecting an extended 5th wave.
Strategy would be accumulate as it comes down and hold it.
*This chart is only for educational purpose.
HAVELLS BROKE OUT WITH GOOD VOLUMEHavells broke out with good volume today.
The resistance of level 586 should act as support if market supports it.
You should exit your position once scrip closes below 586.
The target levels have been mentioned clearly in the chart above.
Thus, from current price if there is loss then it would be ~2% (597-586 / 586)
and targets are 8.9%, 11.01%, 15.97%, 21% .
Keeping in mind the risk reward ratio the current levels are favorable and attractive.
***views are my own***please take your decisions accordingly***
