Havells has been in downtrend for a while with some little success to take it higher. Every rally has been having selling pressure with each rising rally and is being under tremendous pressure. But it seems sellers and short sellers are not in mood to take it further down and are about to start short covering. Bulls have been waiting for other operators to start...
- Rectangle pattern is forming a bounce for the stock support.
-Stock break and sustain above 1010 Next level to 1035/1080 levels .
-Support is near 970 level on chart.
Its repeatedly failed to break the upper level.
Now its broke the support level 820.
So its may be a opportunity for selling.
TGT may be 800/793/780
SL 831
Disclaimer: Ideas for learning Only.
Learn Regularly. NOT Occasionally.
