Symmetrical Triangle and Pull back Pattern seen in Havells.
Hello Traders & Investors,
I have brought another analysis on Symmetrical triangle pattern breakout. Well this almost similar to Triangle pattern, but in this lower band trendline act upward sloping support in security. Same we have seen in Havells. Well there is higher Chances that we can see huge momentum in coming few weeks. So let's go, i will explain a bit about this pattern so you guy's can understand and trade easily whenever you see this pattern next time.
Q:- What is Symmetrical Triangle Pattern?
Rahul:- A symmetrical triangle is a chart formation where the slope of the price’s highs and the slope of the price’s lows converge together to a point where it looks like a triangle.
Q:- Which direction will it go?
Rahul:- If the prior trend is Uptrend then buyers gonna to win the battles for sure.
Q:- How and when to Trade?
Rahul:- Guy's keep in mind when both slopes get closer to each other, it means that a breakout is getting near, and we just have to wait for that breakout to take place. You can take entry once you see successfully breakout and keep stop loss at lower band of the Triangle, and there could be another entry once price shows pull back towards breakout zone. Targets can be place at all time high and 2nd target can be length of Triangle pattern.
So guy's i hope you have learned this Symmetrical Triangle Pattern now.
Let's Focus About Company background:-
Havells India Limited is a leading Fast Moving Electrical Goods (FMEG) Company and a major power distribution equipment manufacturer with a strong global presence.
It enjoys enviable market dominance across a wide spectrum of products, including Industrial & Domestic Circuit Protection Devices, Cables & Wires, Motors, Fans, Modular Switches, Home Appliances, Air Conditioners, Electric Water Heaters, Power Capacitors, Luminaires for Domestic, Commercial and Industrial Applications.
Market Cap
₹ 87,271 Cr.
Current Price
₹ 1,393
High / Low
₹ 1,466 / 1,024
Stock P/E
78.2
Book Value
₹ 106
Dividend Yield
0.54 %
ROCE
22.3 %
ROE
17.0 %
Face Value
₹ 1.00
Debt
₹ 223 Cr.
EPS
₹ 17.8
PEG Ratio
7.74
Promoter holding
59.4 %
Intrinsic Value
₹ 442
Pledged percentage
0.00 %
EVEBITDA
46.7
PROS
Company has reduced debt.
Company is almost debt free.
Company has been maintaining a healthy dividend payout of 40.7%
CONS
Stock is trading at 13.2 times its book value
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
Thankyou
I have brought another analysis on Symmetrical triangle pattern breakout. Well this almost similar to Triangle pattern, but in this lower band trendline act upward sloping support in security. Same we have seen in Havells. Well there is higher Chances that we can see huge momentum in coming few weeks. So let's go, i will explain a bit about this pattern so you guy's can understand and trade easily whenever you see this pattern next time.
Q:- What is Symmetrical Triangle Pattern?
Rahul:- A symmetrical triangle is a chart formation where the slope of the price’s highs and the slope of the price’s lows converge together to a point where it looks like a triangle.
Q:- Which direction will it go?
Rahul:- If the prior trend is Uptrend then buyers gonna to win the battles for sure.
Q:- How and when to Trade?
Rahul:- Guy's keep in mind when both slopes get closer to each other, it means that a breakout is getting near, and we just have to wait for that breakout to take place. You can take entry once you see successfully breakout and keep stop loss at lower band of the Triangle, and there could be another entry once price shows pull back towards breakout zone. Targets can be place at all time high and 2nd target can be length of Triangle pattern.
So guy's i hope you have learned this Symmetrical Triangle Pattern now.
Let's Focus About Company background:-
Havells India Limited is a leading Fast Moving Electrical Goods (FMEG) Company and a major power distribution equipment manufacturer with a strong global presence.
It enjoys enviable market dominance across a wide spectrum of products, including Industrial & Domestic Circuit Protection Devices, Cables & Wires, Motors, Fans, Modular Switches, Home Appliances, Air Conditioners, Electric Water Heaters, Power Capacitors, Luminaires for Domestic, Commercial and Industrial Applications.
Market Cap
₹ 87,271 Cr.
Current Price
₹ 1,393
High / Low
₹ 1,466 / 1,024
Stock P/E
78.2
Book Value
₹ 106
Dividend Yield
0.54 %
ROCE
22.3 %
ROE
17.0 %
Face Value
₹ 1.00
Debt
₹ 223 Cr.
EPS
₹ 17.8
PEG Ratio
7.74
Promoter holding
59.4 %
Intrinsic Value
₹ 442
Pledged percentage
0.00 %
EVEBITDA
46.7
PROS
Company has reduced debt.
Company is almost debt free.
Company has been maintaining a healthy dividend payout of 40.7%
CONS
Stock is trading at 13.2 times its book value
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
Thankyou
Rahul Pal (Indian Moderator)
(Full Time Trader & Investor)
Join Free telegram t.me/TraderRahulPal1
For Live Streaming join youtube.com/@realbullstrading26
Learning Stock Market and Trading Programmes.
Whatsapp:- 9560604457
(Full Time Trader & Investor)
Join Free telegram t.me/TraderRahulPal1
For Live Streaming join youtube.com/@realbullstrading26
Learning Stock Market and Trading Programmes.
Whatsapp:- 9560604457
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