Saturday, January 2, 2016

WEEKLY TECHNICAL ANALYSIS OF HAVELLS

FUTURE :
“BULLISH HAVELLS ABOVE 320 TGT  330/340”
“BEARISH HAVELLS BELOW 305 TGT 290/280”
WEEKLY CHAT FOR HAVELLS
Primary trend of the stock is bullish and is consolidating at the higher level after showing correction. It is expected to continue the bull run with the crossing of the resistance level of 322, as the stock is sustaining above its 200 and 50 days moving averages. One may initiate the long position above the mentioned level for the targets of 345 and with the strict stop loss of 295.
DAILY & WEEKLY SUPPORT AND RESISTANCE FOR HAVELLS:
HAVELLS levels generated based on 2016-01-02 data for the next trading day.
Daily
R4
R3
R2
R1
BULL
LOC
BEAR
S1
S2
S3
S4
levels
331
328
326
325
323
322
321
320
318
317
314
HAVELLS Weekly levels generated for the week starting from 2015-12-28
Weekly
R4
R3
R2
R1
REV
BULL
LOC
BEAR
REV
S1
S2
S3
S4
Levels
321
318
312
308
304
302
301
300
299
294
291
287
285


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