HAVELLS trade ideas
HAVELLS INDIA- Hourly chart showing weakness Hourly chart of Havells India is showing weakness if its break 660 level (Triangle breakdown) or eventually 652 level ( Short term support level) then chart will show downside. 630 will be 1st level to watch and if its break 630 then 590 will be 2nd level to watch.
Havells - Long1) Weekly Parallel Channel
2) Weekly - 100 EMA support
3) Buy zone - 590-640 SL, weekly close below 590
Havells - Long1) Buy zone - 640-590
2) SL - 590 Weekly CLBS
3) Parallel Channel - Weekly
4) Support - 100 EMA Weekly
Havells As the results are coming in of Havells we can see a rise from here as the total profit after tax is expected to be somewhat near to 246 which is the rise from the last result .....as the market is overall down bears are having a hard to convert in bulls fear is prevailing in the market ....as I think the stock is in perfect position to buy here. buy tomorrow and sell on Monday
HAVELLSWAITING FOR PRICES TO TEST THE ENTRY ZONE. BUY SETUP :)
KEEP IT SIMPLE, KEEP IT UNIQUE :)
HAPPY TRADING, HAPPY PROFIT MAKING :)
NOTE: MY VIEW ONLY....
Havells India Ltd Technical Analysis For Stock Market India Havells India Ltd Technical Analysis For Stock Market India
Havells India is consumer electrical and power distribution equipment manufacturer with products ranging from Industrial and Domestic Circuit Protection Switchgears, Cables, Motors, Pumps, Fans, Power Capacitors, CFL Lamps and Luminaries for Domestic, Commercial and Industrial applications, Modular Switches, Water Heaters, Domestic Appliances, Water Purifier, Air conditioner, Television and washing machine covering the entire range of household, commercial and industrial electrical needs.
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.
Go Long on Havells India Ltd#positional #Investment
Buy Havells India Ltd
Cmp ₹750
Tgt ₹765/790/819
SL ₹710
Can Be Trailed to ₹680
