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.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.