HAVELLS Stock: Second Consecutive Winning Streak

has shown momentum, marking its second consecutive winning streak after a series of three losing sessions. The stock has started trading above the 61.8% Fibonacci retracement level of the rally that began in December 2022 and ended in September 2024, with 1438 as the key level of the golden ratio. The question now is, will HAVELLS continue to sustain above this significant retracement level? Will prices make another descending peak? If it fails to hold, the stock could experience a decline. This key level will be crucial in determining whether the stock can maintain its current upward momentum or face a reversal. Disclaimer: This post is for educational purposes only and does not constitute investment advice.