HAVELLS - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 4.2

Here's a detailed technical breakdown of Havells India Ltd based on the provided data and recent market insights

📊 Trend Analysis

Current Trend: Trending upward with mild consolidation signals

Price Action: Trading above both 50-DMA (₹1,553) and 200-DMA (₹1,575), indicating bullish momentum.

Volume Spike: Current volume (9.5L) is significantly above the 1-week average (7.1L), suggesting renewed interest and accumulation.

📈 Momentum Indicators

RSI (58.6): Neutral-to-bullish zone. Not overbought, indicating room for upside.

MACD (17.5): Positive and diverging from the signal line — confirms bullish momentum.

Bollinger Bands: Price is likely near the upper band, suggesting strength but also caution for short-term pullbacks.

🔍 Support & Resistance Levels

Level Price (₹) Commentary

Support 1 1,575 Near 200-DMA, strong base

Support 2 1,520 Previous consolidation zone

Resistance 1 1,640 Minor resistance, recent swing high

Resistance 2 1,700 Psychological level, breakout trigger

Major Resistance 1,850–2,100 52-week high zone

🎯 Entry & Exit Zones

Optimal Entry: ₹1,575–1,590 (on dips near 200-DMA with volume confirmation)

Short-Term Target: ₹1,640–1,700

Exit Zone / Stop-Loss: ₹1,520 (below key support and trendline)

📌 Pattern & Structure

Chart Pattern: Forming a mild ascending triangle — bullish continuation pattern.

Trendline Support: Holding above rising trendline from ₹1,360 lows.

Consolidation Zone: ₹1,520–₹1,575 — accumulation phase before breakout.

🔄 Short-Term Outlook

Momentum: Positive with breakout potential above ₹1,640.

Bias: Bullish above ₹1,575; cautious below ₹1,520.

Phase: Trending with mild consolidation — not reversing.

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