After recent price fall, a Doji appeared in Havells which indicates a temporary pause in the rally.  This Doji with high volume indicates the trend reversal.  It is evident from the charts that Havells is trading in a channel pattern. Trade can be initiated as per the plan.    

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Stock Ticker – NSE: HAVELLS – Havells India Ltd. – CONSUMER GOODS
Bullish Trade plan:
Entry Level 727.80 Target 741.95 Stoploss 713.50
Analyst Rating – :5/5
View Posted on 2019-05-17

2 Comments
  1. MOHAN KUMAR R 5 years ago

    Hi Lakshminarayana sir, Nice finding. I think it is a Hammer, not DOJI.

  2. Udit (Rytonz) 5 years ago

    Hi P.P.Lakshminarayana and MOHAN KUMAR R

    EVEN I THINK ITS A HAMMER BECAUSE A DOJI LOOKS LIKE THIS

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