Havells India is seen forming a symmetrical triangle formation. The stock broke on the upside, and is now seen back in the triangle and lying near a support region (Upward sloping trend-line) waiting to break downwards. Also the stock is forming Lower top- Lower bottom series.
Short trade can be taken on Havells, keeping SL at 471 for a initial price target of 440 and target 2 being 425
*Please do your own study/analysis before entering the trade.