HAVELLS TRADE SETUPTrade with the trend, place your targets and stop loss according to support and resistance drawn.
HAVELLS trade ideas
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***
Synergistic Pattern: Advance (W+Flag) + EMA 200 + Double FlagLevels are mentioned on chart for Swing trading.
Please check the description section for early entry level in given stock to get better Risk to Reward ratio.
Kindly like & share this pattern. Comment with what do you think.
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Early entry: 590 and add more at 580
SL: 655
Target: 570
RR: 3.25
Thank you. Happy Trading!!!
Best Regards,
Dr. Shamraja Nadar,
PhD in Technology.
Disclaimer
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All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
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Havells - Daily Chart Analysis - Spot Levels Supply Zone + TrenHavells - Daily Chart Analysis - Spot Levels
Supply Zone + Trend Line Breakout + RSI Divergence
CMP 580
Short @ 580-590
for Target 560- 540- 520+
Havells taking support at 575.05 i.e. 61.8% retracementAs it can be seen that havells is taking support @575.05 which is 61.8% retracement. It can go till 584 i.e. upper limit of band with SL @570.
HAVELLSIt can be a buy with sl of 575 for 579 and beyond that new levels of 589 and 597
If not able to cross 579, it can be a sell with same sl for 565 and 560
HAVELLS INDIA - Moving in a Short Range!HAVELLS INDIA
#HAVELLS is moving in a narrow range between 572-588 on a 30mins chart.
RSI is sideways and mildly BULLISH.
TT2 30mins and Daily trends are BULLISH.
If the price breaks the swing high of 594, the next resistance is 607/620 with support 580/570 on 30mins chart.
On the downside, if the price breaks 568, the next support is 560/555/540 with resistance 575.
KEEP AN EYE!!
***in case of GAP opening, the given levels become invalid.
***this is my personal view. Please take advice from your financial advisor before investing.
Havells Inverse H&SBuy Range 572-578
Target and stoploss mentioned in the chart
Time Duration- Medium Term
RR - 1:1.75 and 1:3.36
#Havells#Havells multiple attempts to break the resistance.
Currently on the important long term Support / Resistance zone.
CMP - 585.45
Next downside short term target - 550
Havells: Weekly channel, Daily head and shoulder, divergences..A weekly channel completes its 3 wave and is at the upper end of the channel waiting for a breakout because just before there at the weekly chart, there was a bullish divergence in the MACD histogram. In the daily chart there is a head and shoulder pattern and the prices are at the neckline. An entry on the breakout would be suggested as that would be a breakout in the Weekly channel too! If you draw a horizontal line from the previous support, the change in polarity line is here too. So amongst a lot of resistances, if the prices take off the neckline, the probability of this trade hitting highs is higher! I would wait for a breakout before any bias as the level now is a strong resistance and it could fall if does not break it if the bearish divergence in the MACD histogram is confirmed in the daily chart.
So plenty going on! watch and trade!
