Havells India NSE:HAVELLS
Setup for range trading
Two trades each with 7% gains.
Duration: 2-3 months each
*Not a financial advice.
My charts speaks louder than words.
I'm a chartist and I paint charts.
Havellsindia
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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HAVELLS : Analysis HAVELLS traded in one range in second half.
its very important price action levels. wait for breakout or breakdown and follow trend. Entry exit will be decided based on tomorrow opening
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Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
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
Havells India 30min chart Descending Triangle 10 Oct 2021Havells India 30min chart forming a possible Descending Triangle 10 Oct 2021. Lookout for breakout.
