Havells India Ltd Technical Analysis For Stock Market India
Havells India is consumer electrical and power distribution equipment manufacturer with products ranging from Industrial and Domestic Circuit Protection Switchgears, Cables, Motors, Pumps, Fans, Power Capacitors, CFL Lamps and Luminaries for Domestic, Commercial and Industrial applications, Modular...
Havells seems to be in a complex correction. The wave B is most likely finished which leaves us with the 'pending wave' C to finish. There is divergence too, which means that it could head lower first before any major up moves. A series of lower lows and lower highs is possible till it completes the Running/ Regular Flat pattern. This could be a corrective down...
Havells is at important resistance level.
It has been in a channel for quite sometime now, but the channel hasn't been able to claim any momentum. ADX<20
Price action is showing signs of some exhaustion.
Short at the break of pattern.
Wait for confirmation.
Havells, Such a gem, is ready for its consolidation, because
Verge of its Symmetrical triangle breakout towards down side, supported by its movement below its 20 EMA and travelling towards 200 EMA.
If the market didn't close above 721 today, there will be some sell off towards the levels mentioned ,
can come up to 658.
Havells India Limited is a holding company. The Company is engaged in manufacturing Switchgears, Cable, Lighting and Fixtures, and Electric Consumer Durables. The Company operates through four segments: Switchgears, Lighting and fixtures, Cables and Electrical Consumer Durables. The Switchgear segment comprises domestic and the industrial switchgears, electrical wiring accessories, industrial motors, pumps and capacitors. The Lighting and fixture segment comprises energy saving lamps (CFL) and luminaries. The Cables segment comprises domestic cables and industrial underground cables. The Electrical Consumer Durable segment comprises fans, water heaters and domestic appliances. Its subsidiaries include Havells Sylvania Brasil Iluminacao Ltda., Havells Sylvania (Thailand) Ltd., Havells USA Inc., Havells Sylvania Iluminacion (Chile) Ltda, Havells International Limited and Havells Holdings Limited.
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HAVELLS
![HAVELLS: [WEEKEND][2BB] Havells India Long trade](https://s3.tradingview.com/r/RNdn2u4S_mid.png "[WEEKEND][2BB] Havells India Long trade")
