🧩 Havells India – Inverse Head & Shoulders Breakout Formation (Bullish Reversal Setup)
🧠 Description:
The Havells India Ltd (Daily) chart is displaying a potential Inverse Head & Shoulders pattern — a classic bullish reversal formation often seen near market bottoms.
🏗️ Pattern Structure:
The Left Shoulder formed in early October 2025.
The Head was completed near mid-October with a strong rejection candle around ₹1,440.
The Right Shoulder is now shaping up with consistent higher lows, showing accumulation signs.
The Neckline Resistance lies near ₹1,515–₹1,520.
A breakout and daily close above the neckline could trigger further upside momentum.
📊 Technical Highlights:
RSI: Recovered from oversold zone and sustaining above 50 — confirming bullish momentum.
Volume: Gradual rise in volume indicates possible institutional participation.
Trend Structure: Formation of higher highs and higher lows post-head formation.
🔑 Key Levels:
📍 Neckline Zone: ₹1,515–₹1,520
📍 Breakout Confirmation: Daily close above ₹1,520
📍 Immediate Target: ₹1,560
📍 Extended Target: ₹1,600–₹1,625
📍 Stop Loss: Below ₹1,470 (Right Shoulder low)
🧭 Trading Plan:
✅ Entry: On sustained move or daily close above ₹1,520
🔒 Stop Loss: Below ₹1,470
🎯 Targets: ₹1,560 → ₹1,625
📈 View:
Bullish (Swing/Positional) — If the neckline breakout sustains, Havells India could see momentum continuation toward higher resistance levels.
📰 Watchlist Note:
Keep this setup under your watchlist for breakout confirmation.
Always Do Your Own Research (DOYR) before acting.
❌ No Buy/Sell Recommendation.
🙏 Thank You for Reading!
👍 BOOST if you found this useful.
📌 FOLLOW for more market setups.
💬 COMMENT below with your analysis or feedback.
⚠️ Disclaimer:
I am not a SEBI REGISTERED RESEARCH ANALYST AND INVESTMENT ADVISER.
This analysis is intended solely for informational purposes and should not be interpreted as financial advice.
Please consult a qualified financial advisor or conduct thorough research before making investment decisions.
🧠 Description:
The Havells India Ltd (Daily) chart is displaying a potential Inverse Head & Shoulders pattern — a classic bullish reversal formation often seen near market bottoms.
🏗️ Pattern Structure:
The Left Shoulder formed in early October 2025.
The Head was completed near mid-October with a strong rejection candle around ₹1,440.
The Right Shoulder is now shaping up with consistent higher lows, showing accumulation signs.
The Neckline Resistance lies near ₹1,515–₹1,520.
A breakout and daily close above the neckline could trigger further upside momentum.
📊 Technical Highlights:
RSI: Recovered from oversold zone and sustaining above 50 — confirming bullish momentum.
Volume: Gradual rise in volume indicates possible institutional participation.
Trend Structure: Formation of higher highs and higher lows post-head formation.
🔑 Key Levels:
📍 Neckline Zone: ₹1,515–₹1,520
📍 Breakout Confirmation: Daily close above ₹1,520
📍 Immediate Target: ₹1,560
📍 Extended Target: ₹1,600–₹1,625
📍 Stop Loss: Below ₹1,470 (Right Shoulder low)
🧭 Trading Plan:
✅ Entry: On sustained move or daily close above ₹1,520
🔒 Stop Loss: Below ₹1,470
🎯 Targets: ₹1,560 → ₹1,625
📈 View:
Bullish (Swing/Positional) — If the neckline breakout sustains, Havells India could see momentum continuation toward higher resistance levels.
📰 Watchlist Note:
Keep this setup under your watchlist for breakout confirmation.
Always Do Your Own Research (DOYR) before acting.
❌ No Buy/Sell Recommendation.
🙏 Thank You for Reading!
👍 BOOST if you found this useful.
📌 FOLLOW for more market setups.
💬 COMMENT below with your analysis or feedback.
⚠️ Disclaimer:
I am not a SEBI REGISTERED RESEARCH ANALYST AND INVESTMENT ADVISER.
This analysis is intended solely for informational purposes and should not be interpreted as financial advice.
Please consult a qualified financial advisor or conduct thorough research before making investment decisions.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.