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Havellsbuy

HAVELLS : Connecting for recoveryHavells India Ltd. (HAVELL’S) - Bullish Reversal Zones & Targets Key Levels and Zones : Current Price: ₹1,649.90 (-₹26.50, -1.58%) Support and Buying Zones: Extended Retracement Zone: ₹1,574.50 - ₹1,632.95 Golden Retracement Zone: ₹1,629.30 - ₹1,683.35 Target Zones: First Target Zone: ₹1,821 - ₹1,839 Second Target Zone: ₹1,994.00 Stop Loss: ₹1,594.55 Chart Analysis : Wave Patterns: The chart showcases an ABC correction pattern suggesting a potential bullish move. Wave A: Initial decline marking the first corrective phase. Wave B: Temporary upward movement. Wave C: Anticipated upward rally within the target zones. Volume Activity: High trading volume at 548.91K indicates significant market interest. Trade Plan : Entry Point: Long positions can be considered within the extended retracement zone (₹1,574.50 - ₹1,632.95) or the golden retracement zone (₹1,629.30 - ₹1,683.35). Targets: First Target Zone: ₹1,821 - ₹1,839. Second Target Zone: ₹1,994.00 for extended gains. Stop Loss: Place a stop loss at ₹1,594.55 to manage downside risk. Conclusion : The daily chart of Havells India Ltd. identifies critical support and resistance levels, creating a robust framework for strategic trading. Traders can capitalize on potential bullish reversals for profitable opportunities while maintaining a favorable risk-reward ratio. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always perform your research or consult with a financial advisor before investing. #HavellsIndia #TradingPlan #ABCPattern #TechnicalAnalysis #StockMarket
NSE:HAVELLSLong
by LiveTradingBox
HAVELLS- Taking a good support🔴DISCLAIMER ***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ****** Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout) After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
NSE:HAVELLSLong
by PrakWorld_Traders
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