Its travelling in a channel and at the same time also creating a "Falling Wedge" pattern. If it breaks the resistance of 508 in the coming days, we will be in a safe zone and it will follow the A, B, C trend. If its travelling in the "falling Wedge" range then it will follow 1, 2, 3,4 , 5 pattern and may dip down to 480.
We are going to trade within channels in Havells, as you can see the channel offered very good support area, so on bullish reversal expecting Havells to move upside and there is very good risk :reward which is cream on cake for us who are concerned more about the risk, than potential rewards.
Happy Trading !