HAVELLS
Havells double top patternThis is just for study purpose , trade according to your own study
Havells is showing double top pattern and if you observe closely you will see Wolfe wave pattern also.
Both denotes that it should go down to the mentioned target and beyond.
Let’s check the market tomorrow.
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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.