HAVELLS INDIA LTD
Long
Aggiornato

[Positional] HAVELLS Double Bottom Breakout

421
Havells has formed a nice double bottom.Today it has come out of Double bottom pattern also it has broken the resistance zone- so higher levels are expected going forward.

The length of bottom is quite high - and it exceeds the ATH of HAVELLS if projected upwards - so our R:R will be low in this case.

Entry - 1348-1350
Target - 1486
SL - 1200

Though R:R is very low - Probability of profit is high.
Trade attivo
Trade attivo
Trade had went to the negative territory but it did not reached SL and turned positive later

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