HAVELLS trade ideas
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...
Havells - Short idea Havells
Repeatedly testing 575 resistance level and 460 support levels.
As we can see the pattern and if trend continues, Havells will test 480-460 levels in next couple of sessions ...
Pls add to watch list and trade as per trend.
SHORT HAVELLS if it comes to 563 levels target 556/553 , SHORT HAVELLS if it comes to 563 levels target 556/553 , stoploss 567 for now
HAVELLS CASH : GOOD SELL ONLY BELOW 552 LEVELSHAVELLS CASH
03.06.2020
GOOD SELL ONLY BELOW 552
STOPLOSS 560
TGT 542/535
(SUPPORT 535)
CMP 555.35
Havells on breakout level ready.On Daily charts we can see the stock at break out level. So we can take the long entry above 550 for the target level of 575 . We can see the minor hurdle in stock at 564 level so be cautious at this level. Also we can double bottom pattern is visible in the charts. so add the stock in your watch list for next trading session.
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. The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask .kindly follow & like for more educational ideas.
