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HAVELLS

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”. Do you like my TA & ideas!! Want to keep yourself updated with current market action? Then don’t forget boost & to subscribe for more analysis. Do leave your valuable feedback & comments for any improvisations. Cheers.
NSE:HAVELLSLong
by Tron029
HAVELLS- Taking a good support🔴DISCLAIMER ***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ****** Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout) After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
NSE:HAVELLSLong
by PrakWorld_Traders
2
Breakout Trade Idea for HavellsHavells has a breakout Today and may go further up in next 10-15 coming days. Buy Havells@1290-1300 SL 1230. Target open. Hold for next 10-15 days Disclaimer : Trading is never ever recommended as it is injurious to mankind. This is purely my study based on technical charts and for educational purpose only. Please do your analysis before taking any trades given by me. I MUST not be held responsible for any profit or loss out of any trades you take on our advice. All Disclaimers Apply.
NSE:HAVELLSLong
by Gann-Elliott-Trader