HAVELLS - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.8
| Stock Code | HAVELLS | Market Cap | 75,914 Cr. | Current Price | 1,210 ₹ | High / Low | 1,623 ₹ |
| Stock P/E | 44.5 | Book Value | 151 ₹ | Dividend Yield | 0.83 % | ROCE | 25.1 % |
| ROE | 19.2 % | Face Value | 1.00 ₹ | DMA 50 | 1,257 ₹ | DMA 200 | 1,378 ₹ |
| Chg in FII Hold | -1.03 % | Chg in DII Hold | 0.97 % | PAT Qtr | 734 Cr. | PAT Prev Qtr | 335 Cr. |
| RSI | 44.2 | MACD | -17.6 | Volume | 12,77,559 | Avg Vol 1Wk | 7,71,838 |
| Low price | 1,142 ₹ | High price | 1,623 ₹ | PEG Ratio | 2.67 | Debt to equity | 0.03 |
| 52w Index | 14.1 % | Qtr Profit Var | 40.6 % | EPS | 27.2 ₹ | Industry PE | 36.1 |
📈 Chart Patterns: HAVELLS is trading near its support zone (₹1,210–₹1,257). The broader structure shows weakness with lower highs, capped by resistance at ₹1,378 (DMA 200).
📊 Moving Averages: Current price (₹1,210) is below DMA 50 (₹1,257) and DMA 200 (₹1,378), indicating bearish undertone.
📉 RSI: At 44.2, RSI is weak but not oversold, suggesting limited upside potential in the short term.
📉 MACD: Negative at -17.6, showing bearish crossover and continuation of downward momentum.
📉 Bollinger Bands: Price is near the lower band, reflecting oversold conditions but also risk of breakdown if support fails.
📊 Volume Trends: Current volume (12.8L) is above average weekly volume (7.7L), showing heightened activity but largely selling pressure.
⚡ Short-Term Momentum Signals: Bearish bias with weak momentum; rebound possible only if price sustains above ₹1,257.
🎯 Entry Zone: ₹1,180–₹1,210 (support region).
🎯 Exit Zone: ₹1,257–₹1,300 (resistance at DMA 50).
🔀 Trend Status: Consolidating with bearish undertone; reversal possible only if price sustains above ₹1,378.
Positive
- Strong ROCE (25.1%) and ROE (19.2%) highlight efficient capital usage.
- Quarterly PAT surged from ₹335 Cr. to ₹734 Cr. (+40.6%).
- DII holdings increased (+0.97%), showing domestic investor confidence.
Limitation
- Price trading below DMA 50 and DMA 200 signals weakness.
- High P/E ratio (44.5) compared to industry PE (36.1) indicates premium valuation.
- FII holdings declined (-1.03%), showing reduced foreign investor confidence.
Company Negative News
- Weak technical setup with RSI and MACD showing bearish signals.
- Premium valuation may limit upside in near term.
Company Positive News
- Quarterly PAT growth boosts investor sentiment.
- EPS at ₹27.2 remains strong compared to peers.
- DII support increased, reflecting domestic institutional confidence.
Industry
- Industry PE at 36.1 vs. HAVELLS PE at 44.5 shows premium valuation.
- Electrical equipment sector benefits from rising demand in housing and infrastructure projects.
Conclusion
HAVELLS is consolidating with bearish undertones. Short-term traders may consider entry around ₹1,180–₹1,210 with exit near ₹1,257–₹1,300. Long-term investors should monitor earnings growth and sector demand before fresh accumulation.
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