BULLISH PIN BAR WITH LOW @ PIVOT SUPPORT OF 1175.45 AND 0.618 FIB LEVEL OF 1168.8
FOLLOWED BY A BULLISH CANDLE
1st TARGET 1320 2nd TARGET 1370 STOP BELOW THE LOW OF PIN BAR i.e.1160
RISK-REWARD RATIO OF 1:1
AFTER A GOOD SET OF NUMBERS IN Q2 UPL CORRECTED TO A VERY STRONG SUPPORT LEVELS. ALSO THE LOW OF TODAYS CANDLE IS AT A PIVOT SUPPORT LEVEL.
LONG POSITION CAN BE INITIATED WITH STOP LOSS BELOW TODAY'S LOW.
RISK REWARD WILL BE 1:2
HAVELLS IS AGAIN NEAR ITS 150 DEMA( DAY EXPONENTIAL MOVING AVERAGE), WHERE IT IS TAKING SUPPORT CONSISTENTLY. AND ALSO PRICE IS CLOSER TO THE TREND LINE INDICATING A REVERSAL.
