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 .
Havells India Double bottom BreakoutThe idea here is about Havells India:
The company is engaged in the business of Switchgears, Cable and Wires, Lighting and Fixtures, Electrical Consumable Durables.
1. Engulfing candlestick formation on a weekly chart at the time of publishing.
2. Neckline broken on Double bottom pattern with good volume & may retest the neckline.
3. Downtrend Channel broken & retested the breakout.
4. Trading way above 20 & 200 EMA.
5. Kumo Breakout, Tenken-Sen price cross & Kijun-Sen price cross on a weekly chart is Strong for an upward momentum.
6. RSI is at 63.51 on a weekly Chart at the time of publishing.
7. MACD Way above signal line on weekly chart.
8. Hull Moving Average is a Buy Signal on Weekly & monthly chart and sell on daily which indicates the retest of neckline retest.
9. Enter long or wait for retest of neckline support. In, any case keep a price alert.
Projected targets as per double bottom & Downtrend channel provided in the chart.
Stop Loss: provided in chart.
Disclaimer: “The above is an Educational idea only and not any kind of financial or investment advice. So please do your own DD (Due Diligence) before any kind of investment”.
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Buy for sure. (moderate risk reward ratio)Buy @mkt price say 1287Rs
SL: below 1252 Support line say 1240Rs
Target : 1415Rs
Risk to reward Ratio = 2.7
Note: W pattern formed indicating reversal of trend. So previous down trend broken and up trend has begun. So the stock for sure will rise. Also the resistance line broken and hence it will act as support line in worst case. Good stock to book profit.
Only risky points are (NIFTY and SENSEX are in down trend beginning and immediate no candle stick patterns to indicate uprising.