HAVELLS- Look good for Long term potential 10X stock
HAVELLS- Look good for Long term potential 10X stock
Buy Above :- 1242 Averaging Levels 1172
Swing traderStop loss - 1209
Investment Stoploss - 1050
Few targets to Monitor
1387 , 1540, 1701, 1800+
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HAVELLS trade ideas
HAVELLS INDIA LTD S/RSupport and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support.
Support levels are represented by the green line and green shade, indicating areas where buying interest may emerge to prevent further price decline.
Resistance levels are represented by the red line and red shade, indicating areas where selling pressure may arise to prevent further price increases. Traders often consider these levels as potential buying or selling opportunities.
Breakouts: Breakouts occur when the price convincingly moves above a resistance level (red shade) or below a support level (green shade). A bullish breakout above resistance suggests the potential for further price increases, while a bearish breakout below support suggests the potential for further price declines. Traders pay attention to these breakout signals as they may indicate the start of a new trend or significant price movement.
Disclosure: I am not SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. It is important to consult with a qualified financial advisor before making any investment decisions. Tweets neither advice nor endorsement.
havellsIndian consumer goods companies such as makers of cooling systems, beer and ice cream are attempting to capitalise on a hotter-than-usual summer season by cranking up output, launching new products and ramping up spending on marketing.
The world's most populous nation expects 10 to 20 heatwave days, which it describes as temperatures hitting at least 40 degree Celsius in the plains, from April through June this year, versus the normal four to eight days. Already temperatures have crossed 40 degrees in a few cities in the western Maharashtra and Gujarat states.
ALL TIME HIGH BREAKOUT STOCKNSE:HAVELLS
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Havells (Swing):Havells (Swing):
Havells is attempting to break a major resistance and well set for a 35-40 % up move.
Appropriate supply and demand zones are highlighted with target.
Keep adding between 1300-1375 with a SL around 1200.
Trade offers a RR of more than 1:5.
Note: Do your own due diligence before taking any action.
HAVELLS : Going longBought for about 1.25% of the capital.
Pros :
The company's primary production focus is in India, allowing them to benefit from various government schemes such as PLI (Production-Linked Incentive) schemes. This alignment with government initiatives reflects a strategic vision which is beneficial for both the parties.
The presence of a dedicated Research and Development team underscores their commitment to innovation, evident in multiple patents they own. This highlights their focus on futuristic vision.
The company has positioned itself as a premium brand in the market.
Cons :
The valuation is somewhat high, and operating margins have been under pressure in recent quarters. However, this is perceived as a temporary headwind, and confidence exists in the company's ability to overcome this challenge.
Conclusion :
The current price is at a critical inflection point, with the potential for a near-term move of approximately 20%. So I took the position for about 1.25% of the capital.
Acknowledging a downside risk of about 16%, the plan is to consider adding to the position if the price falls to the lower trendline of the Higher Time Frame (HTF) ascending channel.
Any adjustments to the position will be promptly updated. For more insights, follow my profile.