Havells India Ltd. (NSE: HAVELLS) - Daily Chart Analysis
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.
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