HAVELLS – Trendline breakout – 25% upside potential
HAVELLS has been in range bound correction for the last 2.5 years.
Recently it has given breakout from resistance zone of 1450-1480 levels, gave re-test and now bouncing from that zone. Looks good for long from the current levels of 1550.
Target: 1850+ (as the period of correction is higher, we can expect a 50% - 70% move in coming weeks)
SL: Daily candle close below 1450.
Recently it has given breakout from resistance zone of 1450-1480 levels, gave re-test and now bouncing from that zone. Looks good for long from the current levels of 1550.
Target: 1850+ (as the period of correction is higher, we can expect a 50% - 70% move in coming weeks)
SL: Daily candle close below 1450.
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