Technical Analysis of Havells India Ltd. (NSE: HAVELLS)
For study purposes only
Fibonacci Levels:
The stock is consolidating near the 23.6% retracement level at ₹1,949, with a strong resistance zone around ₹1,985. A breakout above this could push the price towards its all-time high of ₹2,169. Key support levels to watch are ₹1,812 (38.2%) and ₹1,702 (50%).
Moving Averages:
Havells is trading above its 50, 100, and 200-day moving averages, indicating sustained bullish momentum. The 50-day MA has been acting as short-term support, with the stock attempting to breach the ₹1,985 resistance level.
Stochastic Oscillator:
The stochastic oscillator is near the oversold zone, signaling a potential reversal. A bullish crossover in the coming sessions could trigger upward momentum.
Trendline & Volume:
The stock has maintained its uptrend, respecting the ascending trendline. A significant volume breakout above ₹1,985 could confirm the next bullish leg, with ₹2,169 as the next target.
Conclusion:
The stock remains in a bullish trajectory, with a potential breakout above ₹1,985 offering a buying opportunity. Immediate support lies at ₹1,812, with any break below signaling caution.
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.