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.
Once again i have tried my best to make the chart self explanatory so that i do not write boring paragraphs about it which i am sure no one wants to read(:P).
The stock is making a fresh move and can reach 1700 mark going into 2024-2025.
For a short term trade too, the stock wouldn't be a bad bet since it offers favorable risk reward from current levels.
Havells - Elliott Wave Count
Havells seems to have completed Wave B and has begun Wave C with the downside target of the 1000 range.
Please note that this information is solely for educational purposes, and it is essential to exercise caution when trading.
NSE:HAVELLS NSE:HAVELLS1! BSE:HAVELLS BSE:HAIL1!
Greetings, my friends! Havells has been forming a series of support levels and breaking through resistance barriers. A rising trendline curve is clearly visible on the weekly chart, suggesting robust momentum ahead, provided the price remains above this curve. This presents opportunities for both swing traders aiming for a specific target and investors seeking...
Intraday as well as swing trade
All levels given in charts
IF good potential seen then we work in options also
if activate then possible a huge movement Keep eye on this
We take trade only when it activates...
The price following descending trendline resistance from a very long time. Whenever the price reaches near the trendline price taking resistance and slopes down. Now finally price breaks the trendline and closes above the trendline with good breakout candle. Price can retest the level of 1200 after breakout and than go up towards the upper targets. Above the...