Can sell petronet @246 TG: 228 SL: 259
SELL @975, TG @890 SL @1116 Published Late
BUY @ 1425 SL 1382 TG 1488
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.