Havells India Ltd – Technical Market View

Havells India Ltd is currently showing noticeable selling pressure on the daily chart. After facing resistance near the higher levels, the stock has witnessed a sharp decline and is now trading around the ₹1,040 zone. The immediate price structure remains weak, with the stock moving below several important levels. ₹1,040 is an important near-term level to monitor. If the price sustains below this area, ₹1,015 becomes an important downside reference level. On the recovery side, ₹1,068–₹1,086 is the first important resistance zone. A move above this area could bring ₹1,111–₹1,122 into focus. Higher up, ₹1,175–₹1,200 remains another significant resistance area. The chart also shows weakening momentum, while recent selling has been accompanied by increased volume. Therefore, traders may focus on price action, volume confirmation and reaction around key support and resistance levels. 🔹 Current Zone: Around ₹1,040 🔹 Key Support: ₹1,040 | ₹1,015 🔹 Resistance: ₹1,068–₹1,086 | ₹1,111–₹1,122 | ₹1,175–₹1,200 🔹 Short-Term Structure: Weak 🔹 Key Focus: Support reaction, volume & resistance breakout 📌 AALGO BREATHS SEBI Registered Research Analyst For educational and informational purposes only. This analysis is not a buy/sell recommendation. Securities-market investments are subject to market risks.