HAVELLS trade ideas
HAVELLS Bearish ViewAs per my chart analysis, Havells (SPOT) sell below 620.00, SL= 635, TP1= 580, TP2= 560.
Guys, I have been trying to read chart analysis and I found this on Havells Daily Chart. If wrong then please correct me with your suggestions. Suggestions are highly appreciated.
Recommendations are only for education purpose.
Thanks,
Havells India Triangle pattern and at weekly 100EMA supportHavells observed to be taking support historically on 100EMA. Currently at this support level and formed triangle awaiting breakout or breakdown.
Upon confirming breakout on upside Targets could be 720 760 780 800 Stop Loss 619 on daily basis.
Disclaimer: Study purpose only. Trade at your on risk.