Technical Trend Overview and Momentum Indicators
Havells India’s technical trend has shifted from a clearly bearish posture to a mildly bearish one, signalling a potential easing of downward pressure but not yet a definitive reversal. The Moving Average Convergence Divergence (MACD) remains bearish on both weekly and monthly charts, indicating that the stock’s momentum is still skewed towards sellers. The MACD’s sustained bearishness suggests that the underlying trend has not yet gained bullish conviction despite recent price upticks.
The Relative Strength Index (RSI), a momentum oscillator, currently shows no clear signal on weekly or monthly timeframes. This neutral RSI reading implies that the stock is neither overbought nor oversold, which could mean that the price is consolidating or awaiting a catalyst to drive a decisive move.
Bollinger Bands, which measure volatility and potential price extremes, are mildly bearish on both weekly and monthly charts. This mild bearishness indicates that the stock price is closer to the lower band, suggesting some downside risk remains, but the intensity of selling pressure is not extreme.
Daily moving averages also reflect a mildly bearish stance, reinforcing the notion that short-term momentum is cautious. The KST (Know Sure Thing) indicator, a momentum oscillator that aggregates multiple rate-of-change calculations, remains bearish on weekly and monthly scales, further confirming the subdued momentum environment.
Volume and Dow Theory Signals
On the volume front, the On-Balance Volume (OBV) indicator shows a mildly bullish trend on the weekly chart, signalling that buying volume is slightly outpacing selling volume in the short term. However, the monthly OBV does not indicate a clear trend, suggesting that longer-term volume support is lacking.
Dow Theory analysis presents a nuanced view: weekly signals are mildly bullish, hinting at some short-term optimism among market participants, while monthly signals remain mildly bearish, reflecting a more cautious long-term outlook. This divergence between weekly and monthly Dow Theory signals underscores the stock’s current technical uncertainty.
Price Action and Key Levels
On 13 Feb 2026, Havells India traded within a range of ₹1,368.15 to ₹1,404.75, closing near the day’s high at ₹1,399.00. This close above the previous day’s ₹1,383.55 close represents a 1.12% gain, signalling short-term buying interest. However, the stock remains well below its 52-week high of ₹1,673.20 and above its 52-week low of ₹1,250.15, indicating a wide trading band and potential volatility ahead.
Investors should note that the current price is still below key resistance levels near the 52-week high, which may cap upside momentum unless accompanied by stronger volume and positive technical confirmations.
This week's disclosed pick, a Large Cap from NBFC, comes with precise Target Price and analysis. Check if you're positioned right for this opportunity!
- - Precise target price set
- - Weekly selection live
- - Position check opportunity
Comparative Returns and Market Context
When analysing Havells India’s returns relative to the broader market, the stock has underperformed the Sensex over most timeframes. Over the past week, Havells delivered a robust 3.62% gain compared to the Sensex’s modest 0.43% rise, indicating short-term outperformance. However, over the one-month period, Havells declined by 3.54%, slightly worse than the Sensex’s 0.24% fall.
Year-to-date, the stock’s return of -1.87% closely mirrors the Sensex’s -1.81%, suggesting that Havells is moving broadly in line with market trends. Over the one-year horizon, Havells has lagged significantly, posting an -8.59% return while the Sensex gained 9.85%. This underperformance extends over longer periods as well, with Havells delivering 16.55% over three years versus the Sensex’s 37.89%, and 22.55% over five years compared to the Sensex’s 62.34%.
Interestingly, Havells has outperformed the Sensex over the past decade, with a remarkable 412.36% return against the Sensex’s 264.02%, highlighting the company’s strong long-term growth trajectory despite recent volatility and sector headwinds.
Mojo Score and Analyst Ratings
MarketsMOJO’s proprietary Mojo Score for Havells India currently stands at 44.0, categorised as a Sell rating. This represents a downgrade from the previous Hold grade, effective from 20 Jan 2026. The downgrade reflects deteriorating technical and fundamental factors, including a low Market Cap Grade of 2, signalling limited market capitalisation strength relative to peers.
The downgrade to Sell suggests that analysts and algorithmic models foresee limited upside potential in the near term, advising caution for investors holding or considering new positions in Havells India.
Sector and Industry Considerations
Operating within the Electronics & Appliances sector, Havells faces competitive pressures and cyclical demand fluctuations. The sector’s sensitivity to consumer spending and input cost inflation can exacerbate price volatility and impact technical momentum. Investors should weigh these sector dynamics alongside the company’s technical signals when making portfolio decisions.
Holding Havells India Ltd. from Electronics & Appliances? See if there's a smarter choice! SwitchER compares it with peers and suggests superior options across market caps and sectors!
- - Peer comparison ready
- - Superior options identified
- - Cross market-cap analysis
Investor Takeaway and Outlook
Havells India’s recent technical parameter changes suggest a cautious stance for investors. The shift from bearish to mildly bearish technical trends, combined with persistent bearish MACD and KST indicators, implies that the stock is yet to establish a clear bullish momentum. The neutral RSI and mildly bearish Bollinger Bands further reinforce the need for prudence.
Short-term volume indicators and weekly Dow Theory signals offer some optimism, but the longer-term monthly signals remain subdued. This mixed technical landscape suggests that investors should monitor key support and resistance levels closely, particularly the 52-week low of ₹1,250.15 and the resistance near ₹1,673.20.
Given the downgrade to a Sell rating by MarketsMOJO and the stock’s underperformance relative to the Sensex over most recent periods, investors may consider re-evaluating their exposure to Havells India. Those seeking growth within the Electronics & Appliances sector might benefit from exploring peer comparisons and alternative opportunities.
In summary, while Havells India retains strong long-term growth credentials, its current technical and market signals counsel a measured approach, favouring risk management and selective positioning until clearer momentum emerges.
Unlock special upgrade rates for a limited period. Start Saving Now →
