HAVELLS Make symmetrical triangle chart pattern in 4 hour time fram , take break out with High volume , MACD and RSI saw fair value , also take support of 50 EMA so first Target will be 1504.05 and Stop loss will be 1268.75
This is for educational purpose not a trading advice so that's my view comment down your view 🤗
HAVELLS trade ideas
HAVELLS TRENDLINE BREAKOUT !!! The price following descending trendline resistance from a very long time. Whenever the price reaches near the trendline price taking resistance and slopes down. Now finally price breaks the trendline and closes above the trendline with good breakout candle. Price can retest the level of 1200 after breakout and than go up towards the upper targets. Above the level of 1245 price will show good strength and potential towards upside.
HAVELLS 📊
👉 Trendline Breakout👍
👉Strong Closing✅
👉Bullish Structure
👉More Strength above 1245+
👉Support ---1185
👉Keep on radar✅👍
Havels Giving BO in Daily TF with volumes and bullish formationThis is my analysis on Havells giving Break out In Daily Timeframe .
Price is above 9,20,50,100, EMA
The stock has made multiple attempts to break the trendline, and BO with increasing volume and also making lower Highs and Higher lows.
this is just a thought / idea for the trade and not a recommendation or call.
please do your due research and place your orders according to your risk appetite.
HAVELLSGo long in Havells India As You Can Clearly See in The Above Chart That After Giving A Nice Breakout Havells India Has Again Taken Support From Its Breakout Level And After Couple Of Days Havells is Going To Post Its Q2 Result Which is High Probably Excellet As Diwali Is Coming And Havells Has The Dominant Market Share In The Elctric And Electronic Market So Go Agressive Bullish Buy Stock or Option As Much As You Can.
Trade At Your Own Risk Its Just My View What I Believe .