#BULLISH BAT HAVELLSBullish bat identified in weekly time frame and again it's come re-test PRZ zone.. i will look for reversal clue in daily or hourly time frame...sl is white line and targets is redline...
HAVELLS trade ideas
#BULLISH BAT HAVELLSBullish bat identified in weekly time frame and it's come to re-test PRZ zone..again i will look for reversal clue in daily or hourly time frame...sl is white line and targets is redline...
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.
HEAD AND SHOULDER ,LOOK OUT FOR SHORT NOT THE PERFECT AT DRAWING.
BUT I GUESS ,ITS HEAD AND SHOULDER PATTERN.
PRICE HAS RETEST TH LEVEL TOO.
Possible Short OpportunityHi! Its been a while since I posted any ideas. Here's one setup that I like. Havells would have completed a running flat heading to the downside and now has given a pullback. This could be used to go short on Havells for a a possible low retest in the near term. I would wait for a lower degree flag or flat can be used to enter the short side.
** This is not a trade advice**
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.
Strong In the Falling Market Havells
Bullish Divergence On Stochastic And MACD
Closed Strong today In the falling Market
Indicates A strong Positive Bull run to me
Stoploss Swing Low
PRZ 647-650 AWAITEDDISCLAIMER :
As a trader you should consider your own risk:reward ratio and do proper lot sizing according to your margin and leverage level.
Not every idea is a valid trade.
This analysis is a trading idea, not a trading signal for you.
My own trend direction estimation, entry point, stop loss and take profit levels are on the chart.
Good Lucks.
stockhavells had a triangular pattern breakout prices likely to faces resistance near 500 ema . traders if u like my work please press like.
