Monday, 13 May 2013

Chart Update: Havells and Reliance Infra

Havells Chart:

Havells has given breakdown to rising wedge pattern both on candle stick and line chart. 

On the down side:

  • Trendline support at 658 
  • 21 days EMA at 659
  • 5 week close EMA at 659 
So it can be concluded that 658-59 will provide support , once below this zone one can open short position.


One more rising wedge breakdown .. On the down side support zone is 385-382(50DMA) . Once below 382 one can consider short with sl of 386.

So, plan your trade accordingly.

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Happy Trading. 

All the views and contents mentioned in this blog are merely for educational purposes and are not recommendations or tips offered to any person(s) with respect to the purchase or sale of the stocks / futures. I do not accept any liability/loss accruing from the use of any content from this blog. All readers of this blog must rely on their own discretion and neither any analyst nor any publisher shall be responsible for the outcome.

1 comment:

  1. Hey Dude.

    Why didn't u posted new posts?
    I like them, and I'm looking forward to see more of it.

    Have fun and Happy Trading.