Havells India Limited

HAVELLS double top - tgt 1220 - 1182 (15.08.2023)

116
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.

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