SWING IDEA - HAVELLS INDIAHavells India , a leading electrical equipment company, is presenting a promising swing trade opportunity.
Reasons are listed below :
Breakthrough of Resistance Zone : The 1450-1500 zone has historically been a strong resistance area. The price has broken through, retested, and is now again breaking previous higher highs, indicating a potential upward momentum.
Bullish Marubozu Candle on Weekly Timeframe : A Marubozu candle, which lacks upper and lower shadows, shows strong bullish sentiment, suggesting continued buying pressure.
Breaking a Long Consolidation Phase : Havells India has emerged from a consolidation phase that lasted over 2.5 years, indicating a potential bullish trend ahead.
Trading Above Key Moving Averages : The stock is trading above the 50 and 200 exponential moving averages on the weekly timeframe. This is a strong indication of a prevailing upward trend.
Higher Highs : The stock is forming higher highs, suggesting that it is in a consistent uptrend and may continue to climb.
Trading at All-Time High : While this indicates a bullish outlook, it is important to monitor the price action for any signs of exhaustion or potential pullbacks.
Target - 1900 // 2100
Stoploss - weekly close below 1450
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@visionary.growth.insights
HAVELLS
Havells (Swing):Havells (Swing):
Havells is attempting to break a major resistance and well set for a 35-40 % up move.
Appropriate supply and demand zones are highlighted with target.
Keep adding between 1300-1375 with a SL around 1200.
Trade offers a RR of more than 1:5.
Note: Do your own due diligence before taking any action.
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 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✅👍
#BAJAJELEC #BAJAJHCARE #BAJFINANCE #BAJAJHIND #BAJAJFINSV #BAJAJ#BAJAJELEC
NSE: BAJAJELEC
CMP: 1191
TP: 1500
SL: 1055
TF: <6m
RR > ~2 times
Return > 25%
BAJAJELEC BAJAJHCARE BAJFINANCE BAJAJHIND BAJAJFINSV BAJAJHLDNG BAJAJ_AUTO BAJAJCON
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