HAVELLS - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.2
| Stock Code | HAVELLS | Market Cap | 77,817 Cr. | Current Price | 1,241 ₹ | High / Low | 1,624 ₹ |
| Stock P/E | 44.7 | Book Value | 151 ₹ | Dividend Yield | 0.81 % | ROCE | 25.1 % |
| ROE | 19.5 % | Face Value | 1.00 ₹ | DMA 50 | 1,301 ₹ | DMA 200 | 1,410 ₹ |
| Chg in FII Hold | -1.03 % | Chg in DII Hold | 0.97 % | PAT Qtr | 734 Cr. | PAT Prev Qtr | 335 Cr. |
| RSI | 43.2 | MACD | -8.72 | Volume | 16,04,771 | Avg Vol 1Wk | 17,97,466 |
| Low price | 1,142 ₹ | High price | 1,624 ₹ | PEG Ratio | 2.57 | Debt to equity | 0.03 |
| 52w Index | 20.4 % | Qtr Profit Var | 40.6 % | EPS | 27.2 ₹ | Industry PE | 45.1 |
📉 Chart Patterns & Trend: HAVELLS is trading below both its 50 DMA (₹1,301) and 200 DMA (₹1,410), confirming a bearish structure. Current price (₹1,241) is near support at ₹1,142, suggesting weakness with limited upside unless a rebound occurs.
📊 Momentum Indicators: RSI at 43.2 indicates weak momentum, while MACD at -8.72 confirms bearish crossover. Bollinger Bands show price drifting near the lower band, signaling continued pressure.
📈 Volume Trends: Current volume (16.0 lakh) is slightly below average weekly volume (17.9 lakh), reflecting reduced participation and lack of strong buying interest.
🎯 Entry Zone: ₹1,220 – ₹1,240 (near support, potential accumulation zone).
🚪 Exit Zone: ₹1,360 – ₹1,380 (near 50 DMA resistance; profit-taking zone if rebound occurs).
🔎 Status: The stock is consolidating near support but remains in a broader downtrend. Sustained recovery requires price action above ₹1,410 (200 DMA).
Positive
- Strong ROE (19.5%) and ROCE (25.1%) highlight operational efficiency.
- Quarterly PAT growth of 40.6% shows earnings momentum.
- Low debt-to-equity ratio (0.03) ensures financial stability.
Limitation
- High P/E (44.7) compared to industry average (45.1), limiting valuation comfort.
- PEG ratio of 2.57 indicates moderate overvaluation relative to growth.
- Technical weakness with price below both 50 & 200 DMA.
Company Negative News
- FII holdings decreased (-1.03%), showing reduced foreign investor confidence.
- MACD negative, suggesting short-term bearish trend.
Company Positive News
- Quarterly PAT increased from ₹335 Cr to ₹734 Cr.
- DII holdings increased (+0.97%), reflecting domestic institutional support.
- EPS at ₹27.2 remains strong.
Industry
- Consumer electricals sector remains resilient with steady demand.
- Industry PE at 45.1 highlights competitive valuation environment.
Conclusion
⚠️ HAVELLS is technically weak, trading below key moving averages with bearish momentum. Fundamentals remain strong, but valuations are stretched. Short-term traders may consider entry near ₹1,220–₹1,240 with exits around ₹1,360–₹1,380. Long-term investors should wait for confirmation above ₹1,410 before fresh accumulation.
Would you like me to extend this into a swing-trade overlay comparing HAVELLS with peers like Crompton, V-Guard, and Polycab to highlight relative momentum strength?