This chart highlights a trading setup for Havells India Ltd. on the NSE, focusing on the daily time frame.
Key Levels: Entry Price: ₹1,896.35 Stop Loss: ₹2,012.75 Target: ₹1,881.25 Analysis: The price is currently hovering near ₹1,896.35, with a short position plotted. The target is set near the recent support level, with a stop loss just above the recent highs. The chart does not include additional indicators, focusing purely on price action. Trade Consideration: This setup suggests a cautious bearish outlook, possibly expecting a pullback from the current levels. The risk/reward ratio appears conservative, with a tight profit target and a relatively wide stop loss, which may reflect anticipation of market volatility.