HAVELLS trade ideas
HAVELLS : Going longBought for about 1.25% of the capital.
Pros :
The company's primary production focus is in India, allowing them to benefit from various government schemes such as PLI (Production-Linked Incentive) schemes. This alignment with government initiatives reflects a strategic vision which is beneficial for both the parties.
The presence of a dedicated Research and Development team underscores their commitment to innovation, evident in multiple patents they own. This highlights their focus on futuristic vision.
The company has positioned itself as a premium brand in the market.
Cons :
The valuation is somewhat high, and operating margins have been under pressure in recent quarters. However, this is perceived as a temporary headwind, and confidence exists in the company's ability to overcome this challenge.
Conclusion :
The current price is at a critical inflection point, with the potential for a near-term move of approximately 20%. So I took the position for about 1.25% of the capital.
Acknowledging a downside risk of about 16%, the plan is to consider adding to the position if the price falls to the lower trendline of the Higher Time Frame (HTF) ascending channel.
Any adjustments to the position will be promptly updated. For more insights, follow my profile.
A good place to enter Havells.Once again i have tried my best to make the chart self explanatory so that i do not write boring paragraphs about it which i am sure no one wants to read(:P).
The stock is making a fresh move and can reach 1700 mark going into 2024-2025.
For a short term trade too, the stock wouldn't be a bad bet since it offers favorable risk reward from current levels.
Note*- This chart is for educational purpose only. Kindly do your own research/analysis before taking any financial positions.
Havells - Elliott Wave CountHavells - Elliott Wave Count
Havells seems to have completed Wave B and has begun Wave C with the downside target of the 1000 range.
Please note that this information is solely for educational purposes, and it is essential to exercise caution when trading.
NSE:HAVELLS NSE:HAVELLS1! BSE:HAVELLS BSE:HAIL1!
HAVELLS: Odds Favoring All-Time Highs Greetings, my friends! Havells has been forming a series of support levels and breaking through resistance barriers. A rising trendline curve is clearly visible on the weekly chart, suggesting robust momentum ahead, provided the price remains above this curve. This presents opportunities for both swing traders aiming for a specific target and investors seeking long-term gains.
Furthermore, Havells is poised to reach new all-time highs once it breaches the 1504.45 level.
Please give a boost and comment if you find the analysis helpful and consider following for more. Any Request, suggestions or advice are warmly welcomed.
Disclaimer:I am not a SEBI Registered Analyst, and the views expressed here are solely my own and for educational purposes only. Make sure you consult your Financial advisor before investing, as I won't be responsible for any losses incurred.
#HAVELLS 1319 Tgt 1465 Buy - Rachit SethiaHAVELLS
CMP 1319
TGT 1465++
SL 1280
Return ~ 12%
TF 6months
RR ~3.8
NSE:HAVELLS
#HAVELLS
Factors: BULLISH WEDGE BREAKOUT Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading at SUPPORT levels Earnings are strong. Bullish Wedge Breakout Risk Return Ratio is healthy. And Rising from Double Bottom Pattern to Flag Pattern forming. If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations. With 💚 from Rachit Sethia
HAVELLS INDIAHavells 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.
Company is almost debt free.
Company has been maintaining a healthy dividend payout of 40.7%
TECNICALLY ITS HAS FORMED MULTIPLE SHOULDERS WITH COMPLEX HEAD AND SHOULDER PATTERN.
ITS CUTTENT PRICE -1388
TARGET PRICE-1686
WITH ATLEAT 21% POTENTIAL GAINS
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 🤗