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 trade ideas
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!
Havells LongThe price has found support 2 times at the same marked level of 467. I am expecting the stock to move towards the upper end (510) of the fairly wide range it has created recently.
HAVELLS INDIA - BULLISH SIGNS!!HAVELLS INDIA
The stock has given a breakout from the trendline in the hourly chart and is consolidating below the resistance level at 555.
RSI is in Bullish Zone.
***TRADINGEDGE TIME-TREND INDICATOR IS BULLISH***
***TE BANDS ARE IN GREEN ZONE***
One the price gives a breakout above 555 with Volume, we might see a short term strong uptrend till 572-575. Nearby support is 540.
KEEP AN EYE!!
#tradingedge_academy #SMTA_institute
***this is my personal view. Please take advice from your financial advisor before investing.
Havells ViewBoth ways Trades can be executed
Please keep nifty view before executing Trades.
Line & comment if you find this useful
Havells longNSE:HAVELLS
Near Resistance line, If it break red line and close above 554.5 then you can go for long.
Plan your trade according to your risk :)
Please like if you think its useful. which can motivate to share more ideas :)
JUST ABOVE RESISTANCE.. If SUSTAINS ABOVE 551 might see a jump of 3-5-7-9 -11points.. SL: KEEp watching this space during market hrs...
