HAVELLS trade ideas
Havells India Ltd Technical Analysis For Stock Market India Havells India Ltd Technical Analysis For Stock Market India
Havells India is consumer electrical and power distribution equipment manufacturer with products ranging from Industrial and Domestic Circuit Protection Switchgears, Cables, Motors, Pumps, Fans, Power Capacitors, CFL Lamps and Luminaries for Domestic, Commercial and Industrial applications, Modular Switches, Water Heaters, Domestic Appliances, Water Purifier, Air conditioner, Television and washing machine covering the entire range of household, commercial and industrial electrical needs.
Looks weak below 700 Levels, possible 'Short' Opportunity.Havells seems to be in a complex correction. The wave B is most likely finished which leaves us with the 'pending wave' C to finish. There is divergence too, which means that it could head lower first before any major up moves. A series of lower lows and lower highs is possible till it completes the Running/ Regular Flat pattern. This could be a corrective down move for the next few sessions.
Go Long on Havells India Ltd#positional #Investment
Buy Havells India Ltd
Cmp ₹750
Tgt ₹765/790/819
SL ₹710
Can Be Trailed to ₹680
Havells ShortHavells is at important resistance level.
It has been in a channel for quite sometime now, but the channel hasn't been able to claim any momentum. ADX<20
Price action is showing signs of some exhaustion.
Short at the break of pattern.
Wait for confirmation.
Havells Havells is looking good to test its target of 780/800 range in coming days.
Do share you comments and opinion in the section below.
All the best!
HAVELLS - CUP AND CHEAT PATTERN#HAVELLS
CMP 713
Buy above 730
Stop 675
Logic : Trend template + Cup and cheat pattern
Ready for its consolidation, SHORT IF NOT CROSSED 721 TODAYHavells, Such a gem, is ready for its consolidation, because
Verge of its Symmetrical triangle breakout towards down side, supported by its movement below its 20 EMA and travelling towards 200 EMA.
If the market didn't close above 721 today, there will be some sell off towards the levels mentioned ,
can come up to 658.
#HAVELLSBullish Wedge
Gapup
#BoxBO
Reversal Confirmation
Momentum on all time frames
TGC Alignement on all time frames
Supported by strength candles
Target 589 / 635
SL 520
Duration 3 Weeks
Short - SL 491- once breaking the channel huge down possible Short - SL 491- once breaking the channel huge down possible
havells theta decay setuptheta decay idea with a Support and resistance setup
as there is lot of resistance at 520 for havells so in this trade setup we short 530ce@ 4.20
