Trade Idea for HAVELLS INDIA LTD

Timeframe: 4H Chart

Technical Analysis:

1. Falling Channel Breakout Setup: The stock has been trading inside a downward-sloping channel. A breakout from this channel could lead to a strong upward move.
   
2. Key Levels:
   Entry Zone: Around ₹1,540 - ₹1,560 (Breakout confirmation above resistance).
   Stop Loss (SL): Below ₹1,468 (Last swing low).
   Target Levels (T1, T2, T3):
   T1: ₹1,680 (First resistance zone).
   T2: ₹1,760 (Major resistance).
   T3: ₹1,920 (Previous high zone).
   
3. RSI Indicator: The RSI is recovering from the oversold region, indicating bullish momentum.
   
4. Volume Analysis: Volume is increasing, which supports the possibility of a breakout.
   

This setup presents a bullish breakout trade from a falling channel with potential upside targets of ₹1,680, ₹1,760, and ₹1,920. A stop-loss below ₹1,468 is recommended to manage risk.