Havells India Limited

Looks weak below 700 Levels, possible 'Short' Opportunity.

69
Havells seems to be in a complex correction. The wave B is most likely finished which leaves us with the 'pending wave' C to finish. There is divergence too, which means that it could head lower first before any major up moves. A series of lower lows and lower highs is possible till it completes the Running/ Regular Flat pattern. This could be a corrective down move for the next few sessions.

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