Havells has broken out of an old upward facing trendline. Price went down further a little and later on came for a retest of the same trendline. Now the price seems to have completed the retest and is planning to go down further.
> This trade offers a good Reward to Risk ratio. about 3/4:1.
> Although we don't have a defined target for this trade, but first target would be 625; and later we will see what does the momentum suggest.
> SL should be above recent high, for me it will be above 668.
Happy Trading. :)
> This trade offers a good Reward to Risk ratio. about 3/4:1.
> Although we don't have a defined target for this trade, but first target would be 625; and later we will see what does the momentum suggest.
> SL should be above recent high, for me it will be above 668.
Happy Trading. :)
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