HAVELLS INDIA LTDShort
HAVELLS double top - tgt 1220 - 1182 (15.08.2023)
Havells seems to have formed double top
1. RSI negative Diversion
2. MACD Negative Diversion
3. Price moving on lower Bollinger bands
4. RSI near 40 once crosses below 40 downfall can be fast
Short on Rise with SL above 1300 for a target of 1120 - 1182
Disclaimer: I am not an expert, I just share interesting charts here. Please seek expert opinion before taking any trade and investment, Because investment/ trading in market is subject to market risks. I am not holding any position in this stock however I can look for one as per my own risk reward. This is just a hypothesis for my study and is in no way a recommendation to trade.
1. RSI negative Diversion
2. MACD Negative Diversion
3. Price moving on lower Bollinger bands
4. RSI near 40 once crosses below 40 downfall can be fast
Short on Rise with SL above 1300 for a target of 1120 - 1182
Disclaimer: I am not an expert, I just share interesting charts here. Please seek expert opinion before taking any trade and investment, Because investment/ trading in market is subject to market risks. I am not holding any position in this stock however I can look for one as per my own risk reward. This is just a hypothesis for my study and is in no way a recommendation to trade.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.