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Havellsltd

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
HAVELLS IND LTD. - FUNDAMENTAL VS TECHNICAL ANALYSISNSE:HAVELLS First will have a look into the fundamentals of the stock on QOQ, The Q3 result of NSE:HAVELLS is quite compromising to investors, the peoples interested in consumer sector line. Net Sales - QoQ Growth in quarter ended Dec 2019 is 1.82% vs -17.82% in Sep 2019 Operating Profit (PBDIT) excl Other Income IS 14.5% Consolidated Net Profit - QoQ Growth in quarter ended Dec 2019 is 12.09% vs 1.37% in Sep 2019 Latest dividend: Rs. 4.5 per share. Ex-Dividend Date: Jul-18-2019, DIVIDENS YIELD IS 0.73 % (Source: Bloomberquint) As per technical the stock is almost completed the correction, but still we can wait to reach the zone to accumulate for positional or long term investment. Q3 result might be quite impressive to invest in, but still technical side we could expect little bit down to complete the 5th wave in primary also completes the trendline (4th wave). levels are to accumulate 545 to 575 stoploss level is below 510, for longterm targets have arrived through technical by elliotwave, the correction is happening now is the 4th wave of cycle and impulsive (5th) wave target is 1150 to 1200. let us wait and see, what market has for us. for more details reach us through writetomonk@gmail.com or "9884344490" Disclaimer: the posts are for only educational purpose.
NSE:HAVELLSLong
by Raj_marketmonk