Trendline break quick Intraday short trade till 1033
Daily and Weekly chart looks as strong as an ox! A trend followers dream chart. Just placed a 1200 Limit Order after an old friend, Rohin asked me to look at it.
Multiple PRZ from 950 to 975 Fresh long only above 975 till then short candidate based on Reversal. (If we find reversal)
Havells has pennant on 1hr TF and on all time high... Targets on Chart
SHORT HAVELLS TARGETS GIVEN
Nice setup for shorting
Possible reversal once trend line or top resistance is touched..One can buy PE of these level
21 SEP 2020 INSTRUMENT: HAVELLS TIME FRAME: DAY INDICATORS: PSAR: BEARISH STOCH: BEARISH CMP: 669.05 SELL BELOW: 663 SL: 689 TARGET(S): 657 / 615 RISK DISCLOSURE Futures and options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options...
Please respect SL 1 in case it hit.
1 THIS IS FOR ONIY EDUCATION 2 WHEN TREND LINE BREAK TAKE ENTRY T1 644.5 T2 636 T3 630 SL 652
All the comments and levels shared in chart
go long with havells for target 655 time scale 6 days stop loss 605 entry level 610 to 618
TK cross over with SL at 606. MACD cross over. Its short term call but if TGT hit on intraday then book.