Havells India Limited (HAVELLS) Stock - Complete Technical Analysis - Nov 07, 2024

Havells India Limited Stock Technical Analysis Support & Resistance Levels Breakdown

Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Investing in stocks involves risks, and it's essential to conduct thorough research or consult with a financial advisor before making investment decisions. For Havells India Limited (HAVELLS), the stock is currently trading at 1,666, which is significantly below its 52-week high and above the 52-week low. Recent price action shows the stock consolidating, with resistance near the 1,700 to 1,725 range. A breakout above 1,700 could push the stock towards 1,725 or higher, but if the price remains below this level, support at 1,600 is crucial. The Average Directional Index (ADX) indicates a strong trend, while indicators like RSI and MACD suggest bearish momentum. With an ATR showing volatility, traders should watch for a potential reversal. A move above 1,700 could signal bullish momentum, while a drop below 1,600 could lead to further downside. In summary, the stock's near-term action will depend on the breakout of these key levels.