Stock Radar: Havells India breaks out from near 2-month consolidation range; time to buy?

The consumer electronic stock moved in a narrow range after hitting a high of Rs 1,590 on March 2, 2024. It found support above 1,400 levels. Witnessing a breakout last week, the stock surpassed 1,600 levels. It rose over 9% in the past 5 trading sessions. The momentum helped it break out from the 200-point consolidation range on the daily charts. It closed at Rs 1,639 on April 26, 2024.