Havells India Ltd - Weekly Chart Analysis
Current Price: ₹1,547.90 (+1.82%)
Open: ₹1,509.95 | High: ₹1,552.65 | Low: ₹1,492.30 | Close: ₹1,547.90
Key Observations
Downtrend from ₹1,920 Levels: The stock faced a strong rejection near ₹1,920 and has been correcting since.
Major Resistance: ₹1,701.35 and ₹1,920.55 (highlighted in pink) – previous support turned resistance.
Current Support Zone: ₹1,500–₹1,550 range, where the price is attempting to hold.
Outlook & Next Steps
Bullish Above ₹1,600: If the stock sustains above this level, it can attempt a move toward ₹1,700.
Break Below ₹1,500: Can lead to further downside, potentially toward ₹1,400.
Current Price: ₹1,547.90 (+1.82%)
Open: ₹1,509.95 | High: ₹1,552.65 | Low: ₹1,492.30 | Close: ₹1,547.90
Key Observations
Downtrend from ₹1,920 Levels: The stock faced a strong rejection near ₹1,920 and has been correcting since.
Major Resistance: ₹1,701.35 and ₹1,920.55 (highlighted in pink) – previous support turned resistance.
Current Support Zone: ₹1,500–₹1,550 range, where the price is attempting to hold.
Outlook & Next Steps
Bullish Above ₹1,600: If the stock sustains above this level, it can attempt a move toward ₹1,700.
Break Below ₹1,500: Can lead to further downside, potentially toward ₹1,400.
Automated Tools/Indicators/Screeners available at kkonline.org/nimblrta
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.
Automated Tools/Indicators/Screeners available at kkonline.org/nimblrta
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.