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Can sell petronet @246
BUY @ 1425
It is breaking head and shoulder and wave ABCDE patter.
Target can be 362 for wave pattern
And for 340 for break of head and shoulder pattern.
As it can be seen that havells is taking support @575.05 which is 61.8% retracement. It can go till 584 i.e. upper limit of band with SL @570.
It has completed wave 2 with less than 61.8% retracement and started the journey of wave 3 with gap up and good volume.
It should go till 44, I will check again when it crosses 43 with SL 34.6.