HAVELLS trade ideas
Havells , For the investment !!! right choice ?In the long run it has given good money , currently structure is highly bearish on monthly basis too , with breaking bullish trendline (monthly) , last support taken was near 450-460 , in this bearish possible to see 350 zone , so wait to add in portfolio !
#stayinsidehome be safe !!
Positive RSI divergence and 200 week dema support!if you want to play recovery it is good counter.
buy cmp or near 595-598
Strict sl:584
target:618/636/648/664
strategy:
buy 1 lot 600 ce and sell 1 lot 650 ce
max loss:18000 (if expiry is 600)
max profit:31700 (if expiry is near 650)
INTRADAY LONG OR SHORT?If SUSTAINS ABOVE 640 LONG @ 641 FOR TGTS OF 645-49-52-55 AND IN CASE CRACKS BELOW 630 SHORT FOR TGTS OF 625-22-19
Havells has some business left at 650.Havells looks strong in fall. Should touch 650 with little bounce in nifty.
Does Havells Have it...?After a sharp correction, Havells has recovered to form a W on the daily timeframe. A look at volumes indicate that the counter has been attracting buying interest at lower levels as is evident from above average volumes. On 18th Feb, there was a perfect reversal candle followed by a strong green candle confirming a reversal. Presently, the stock is at a trendline resistance. If it sustains above that, the stock is in for a good upmove. Market Facilitation Index is also indicating a reversal and a confirmation pattern has formed. Gann square levels to be used for identifying levels to keep SL and to trail SL
Havells - Tame the tradeHavells:
*Weekly* chart indicative of positive RSI divergence, and historically, the stock has bounced back when its RSI touches ~35 levels...the RSI ranges between 35-75 levels on the *weekly charts*
In the weekly view, the EMA's have started acting as a resistance and the current stock price is below the
Long abv 635 (cash)
Havells LONG - Longer time frameLonger term chart showing completion of wedge pattern, and indicating upside breakout on long time frame.
Resistances marked out on the chart.
Havells - Respects Price Polarity Havells is in a precarious position. The stock has managed a short-term bounce recently which now faces resistance from erstwhile supports in the range of (620-640). Sharp price volatility which we noticed yesterday can be a sign of shake off which can now lead further weakness. Trigger for this we will get once the stock breaches the low of 615. From a bullish perspective the stock should attempt to move above the 620-640 resistance zone as soon as possible, or else a failure to do so will lead to further price weakness.
Sell Havells India | Expected Profit 5-6% | Arijit BanerjeeGoodluck Capital Recommendation:
Sell Range - 630-615,
Target - 594-588,
Stoploss - 640,
Maintain recommended stoploss by daily closing basis.
Once 1st Target hit, reset stoploss at 606.
Price up - volume down.... # HavellsContinue with position with respect to my last post on Havells. #short
and follow stop loss.
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