HAVELLS - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

Technical Rating: 3.2

Here's a detailed analysis of HAVELLS based on the provided technical indicators and chart dynamics

📊 Trend Analysis

DMA Comparison

Current price (₹1,510) is below both the 50-DMA (₹1,544) and 200-DMA (₹1,587) → indicates a bearish phase or short-term weakness.

Price Action: Down from its recent high (₹2,106) and hovering near its support (~₹1,360).

That drop signifies the stock may be consolidating, possibly building a base.

🔄 Momentum Signals

RSI (42.2): Neutral to slightly weak momentum, approaching oversold territory (<30). Not a strong buy signal yet, but could indicate a potential bounce.

MACD (-5.80): Below signal line and negative → bearish crossover, confirming downside momentum.

Volume Trends: Current volume (~7.4 lakh) is significantly below 1-week avg (~13.2 lakh) → suggests low interest / weak momentum.

📉 Bollinger Bands

Price likely hovering near or below the mid-band, potentially approaching lower band → potential mean reversion setup soon.

If price bounces at lower band and RSI improves, might trigger short-term upward momentum.

📈 Support & Resistance Zones

Zone Type Price Range (₹) Commentary

Strong Support 1,360 – 1,400 Tested multiple times recently

Resistance 1,545 – 1,587 Around 50-DMA and 200-DMA

Breakout Zone 1,600+ Would signal trend reversal if sustained

🎯 Entry & Exit Strategy

Entry Zone: ₹1,375–1,400 (close to support + RSI nearing oversold)

Exit Zone: ₹1,545–1,580 (DMA levels and resistance ceiling)

Stop Loss: Below ₹1,360 (major support breakdown would signal further downside)

📌 Conclusion

The stock is currently consolidating within a descending range.

Near support zone with weak momentum — not ideal for aggressive entries yet, but worth watching for reversal signs.

Short-term traders may consider positioning for a bounce near ₹1,375–₹1,400 with tight risk controls.

Longer-term trend remains cautious unless price reclaims DMA levels with volume.

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