HAVELLS have 3 factors weighting on its up-move in coming days.
1. It is currently at 78% fibo level from last swing high which is acting as resistance.
2. 688-692 is important resistance level respected for last 2 years
3. It has been consolidating (lose ascending triangle) in last 15-18 days.
Breakout above 692-693 can result in good move and it able to sustain above 700, then can be a good pick for positional as well. NIFTY trend in up coming days will also govern its movement.
Watch other ideas AMBUJACEM, TCS & TITAN which are also high probable setups.
Thanks
Piyush Gupta
1. It is currently at 78% fibo level from last swing high which is acting as resistance.
2. 688-692 is important resistance level respected for last 2 years
3. It has been consolidating (lose ascending triangle) in last 15-18 days.
Breakout above 692-693 can result in good move and it able to sustain above 700, then can be a good pick for positional as well. NIFTY trend in up coming days will also govern its movement.
Watch other ideas AMBUJACEM, TCS & TITAN which are also high probable setups.
Thanks
Piyush Gupta
All studies for for learning purpose only.
These are not trade recommendations
Not responsible for any profit or loss
These are not trade recommendations
Not responsible for any profit or loss
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
All studies for for learning purpose only.
These are not trade recommendations
Not responsible for any profit or loss
These are not trade recommendations
Not responsible for any profit or loss
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.