This chart highlights a trading setup for Havells India Ltd. on the NSE, focusing on the daily time frame.
Key Levels:
Entry Price: ₹1,896.35
Stop Loss: ₹2,012.75
Target: ₹1,881.25
Analysis:
The price is currently hovering near ₹1,896.35, with a short position plotted.
The target is set near the recent support level, with a stop loss just above the recent highs.
The chart does not include additional indicators, focusing purely on price action.
Trade Consideration:
This setup suggests a cautious bearish outlook, possibly expecting a pullback from the current levels. The risk/reward ratio appears conservative, with a tight profit target and a relatively wide stop loss, which may reflect anticipation of market volatility.
Key Levels:
Entry Price: ₹1,896.35
Stop Loss: ₹2,012.75
Target: ₹1,881.25
Analysis:
The price is currently hovering near ₹1,896.35, with a short position plotted.
The target is set near the recent support level, with a stop loss just above the recent highs.
The chart does not include additional indicators, focusing purely on price action.
Trade Consideration:
This setup suggests a cautious bearish outlook, possibly expecting a pullback from the current levels. The risk/reward ratio appears conservative, with a tight profit target and a relatively wide stop loss, which may reflect anticipation of market volatility.
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.