HAVELLS INDIA ANALYSISFOR LEARNING PURPOSE
HAVELLS INDIA - The current price of HAVELLS INDIA is 1510.65 rupees
I am going to buy this stock because of the reasons as follows-
1. Its coming out from a good consolidation base
2. The breakout candle is good with great volume
3. Its at ATH and now its retesting the last breakout zone
4. It is showing better relative strength as it stood strong in volatile times
5. The risk and reward is favourable
6. The company is quite famous as its product is used in many homes
7. This stock has underperformed in last 2 years but now, its showing some signs that it can do good
I am going to buy this on Monday with minimum target of 35-40% and then will trail after that.
My SL is at 1370.25 rupees
I will be managing my risk.
HAVELLS trade ideas
HavellsPrice is falling for the last few days and now it is at trend deciding zone. If price is unable to gain bullish strength, then we can expect more fall.
Buy above 1510 with the stop loss of 1503 for the targets 1518, 1526 and 1534.
Sell below 1495 with the stop loss of 1503 for the targets 1487, 1478, 1470 and 1462.
Check the live market updates.
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Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
You are responsible for whatever you do.
HAVELLS – Trendline breakout – 25% upside potentialHAVELLS has been in range bound correction for the last 2.5 years.
Recently it has given breakout from resistance zone of 1450-1480 levels, gave re-test and now bouncing from that zone. Looks good for long from the current levels of 1550.
Target: 1850+ (as the period of correction is higher, we can expect a 50% - 70% move in coming weeks)
SL: Daily candle close below 1450.
HAVELLS indicates a classic breakout-pullback trHavells India is exhibiting a classic breakout-pullback trade setup. The price has breached its significant resistance level at 1460–1470 and retraced back to this zone. It has reversed off the support of the rising trendline, the 50-day moving average, and the support area. Additionally, a bullish engulfing pattern on the weekly timeframe indicates buyer dominance.
Consider buying for a potential rally towards 1600 and beyond to 1750. Maintain a protective stop-loss below 1440. Hold the trade for several weeks to capitalize on the anticipated upward movement.
HAVELLS loos good for long-term investmentHavells appears promising for long-term investment. While it has been experiencing a correction phase since late 2021, recent developments suggest that this phase may be nearing its end. The stock has exhibited a strong reversal pattern, as depicted in the image. Consequently, it's showing signs of resuming its upward trajectory.
HAVELLS Long base BO [WEEKLY]Should have caught this sooner, but now that I notice, HAVELLS broke out of a long range BO on weekly timeframe and this week due to volatility is pulling back a bit, one might think its a chance to get in so thought of sharing a few RS scores as well to help anyone consider that thought:
16th Feb - 27
23rd Feb - 30
1st Mar - 36
Today - 41
So the RS scores have been on an upwards slope for the past 4 weeks which is a positive point. But RS score is still on the lower side which can be taken on the side of caution.
For people who like Long base breakouts, one can think of taking a position here seeing the upwards slope on RS score. Recommendation would be to take a SL here as per your comfort seeing the RS score is not too good (ideally 80 is what I look for, but rarely do we get that sort of a position).
Havells multi year breakoutHavells has given a fresh lifetime high breakout above all the previous resistances which have been present since 2021. The pattern looks very promising, do not miss this opportunity to invest in one of India's leading FMEG company. This is a positional trade, holding period will be around a year or more. Expect good returns as the sector, consumer products, has also given a ATH breakout and is showing good momentum. Volume spike is also visible in the counter. Currently the stop is at XXX so enter only 30% quantity of the full position. As and when the stock moves up we'll add to the position and also trail our SL
Havells ATH break 2x possible?Havells made strong marubozu on weekly scale and looks ready for next move.
Will look for entry points on pullbacks with stop usually in 6-7% or worst 10% at 1413 below which must exit.
Don't trade in FnO based on this analysis it can go wrong
DISCLAIMER:
There is no guarantee of profits or no exceptions from losses.
The stock and its levels discussed are solely the personal views of my research.
You are advised to rely on your judgment while investing/Trading decisions.
Seek help of your financial advisor before investing/trading.
Investment Warnings:
We would like to draw your attention to the following important investment warnings.
-Investment is subject to market risks.
-The value of shares and investments and the income derived from them can go down as well as up.
-Investors may not get back the amount they invested - losing one's shirt is a real risk.
-Past performance is not a guide to future performance.
-I may or may not trade this analysis
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Havells India LtdHavells India Limited is a leading Fast Moving Electrical Goods (FMEG) Company and a major power distribution equipment manufacturer with a strong global presence.
The company owns and operates 5 brands i.e. Havells, Crabtree, Lloyd, Standard and REO functioning in different product segments.
Fundamentally very strong company.
Divedend giving Stock.
Promoter holding is good and no promoter pledged.
Good ROCE & ROE.
Debt is less than Reserves.
Darvas Box is marked as Skyblue shaded rectangle area.
Price consolidated in this darvas Box for 2 to 3 Years.
Darvas Box upper Resistance Breakout along with Huge volume.
Breakout trade above Green Horizontal line.
Target is marked as red horizontal line.
Stoploss is marked as orange horizontal line.
Price already bounced from 100 EMA on Weekly chart.
all Price bounce from 100 EMA on weekly chart are marked with Stars.
Rest all levels are marked on the chart.
Breakout trade:-
Buy above 1500
Stoploss 1400
Target 1775 - 2500
This idea is for Educational purpose and paper trading only. Please consult your financial advisor before investing or making any position. Facts or Data given above may be slightly incorrect. We are not SEBI registered.
HAVELLS IND Ready for Breakout StockHAVELLS IND Ready for Breakout Stock. 1-day chart of Havells India Limited (HAVELLS) stock shows buying Level at ATH (All Time High) this time on support and pullback. If you buy this level, there may be a trap of falls breakout. Best option to buy this stock at all-time high, which is @ 1550.
#HAVELLS Support & Resistance / 28 Feb 2024Here’s a stock I'm keeping an eye on for the next day's trading. I'm aiming for a 1%+ intraday profit with a flexible stop-loss.
The rules are simple - there are two lines marked on the chart that act as support or resistance, depending on where the price opens. When the price touches or crosses either line, from any direction, for the first time, I decide whether to buy or sell at or near the line based on six simple indicators + order book confirmations. If no trade is taken, the chart becomes invalid.
I won't go into details about indicators because they are to be interpreted and change depending on the market. For example, an RSI of 40 means different things in a bull, bear, or choppy market. It's all about looking at things relatively; and each trader has their own setup, rules and approach to risk management.
Check back after the market closes to see how things went. Sometimes, the price might not touch those lines for a day or more. You have to remain patient.
Disclaimer : Trading and investing carry risks, and you should consult with a qualified financial professional before making any investment decisions. Any charts or patterns mentioned are for educational purposes only and do not guarantee future results. Past performance is not indicative of future performance. Always conduct your own research and consider your risk tolerance before engaging in any trading activities.
Consumer Durables - Buying happening in this sectorBuying happening in Consumer Durables sector
Mainly AC, Fans related.
Keep an eye on Havells, Vguard, Symphony, Orient Electric, Voltas, Blue Star.
Some of these name already raised with volumes.
Crompton, Orient Electric may catch up in the rally, keep an eye. Strict SL is must.
Always first ones to raise in the sector are the strongest ones, big players are more interested in them.
You do not have to trade. Observe the sector when the prices are moving higher then apply to other sectors and stocks in future.
Amazing breakout on Weekly / Daily Timeframe - HAVELLSCheckout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPEECTED!
NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get amazed!!
#No complicated chart patterns
#No big big indicators
#No Excel sheet or number magics
TRADE IDEA: WAIT FOR THE STOCK TO BREAKOUT IN LOWER TIMEFRAME AND RETRACE IF NEEDED. SL IS NEARER SUPPORT ZONE IN Daily TIMEFRAME.
PS: No new Nifty500 script can escape from me when making a breakout. :-)