Havells Long
Chart has been forming Cup and handle pattern on daily time frame for breakouts done. All the breakouts done are with good volumes.
Recently it has touched the all time high of 2023 in the last trading session and has closed at the resistance level of 1988 which it last tested in Jun 2024.
Stock is trading above its 20 EMA and 100 EMA for both short term and long term.
RSI and MACD both are bullish.
Considering the above mentioned details we can go long for the target of 2200 and stop loss of 1970.
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Recently it has touched the all time high of 2023 in the last trading session and has closed at the resistance level of 1988 which it last tested in Jun 2024.
Stock is trading above its 20 EMA and 100 EMA for both short term and long term.
RSI and MACD both are bullish.
Considering the above mentioned details we can go long for the target of 2200 and stop loss of 1970.
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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