Technical Stock Pick: Havells India breaks out from 29-month consolidation to hit fresh record highs; time to buy?

Havells India Ltd, part of the consumer electronics industry, has rallied by more than 20% in the last 3 months which helped the stock to breakout from 29-month consolidation on the monthly charts.

Short-term traders can look to buy the stock now for a target of 1700 levels in the next few months, suggest experts.

The stock rose from Rs 1312 as on 1st December 2023 to Rs 1576 recorded on 2nd March 2024 which translates into an upside of over 20% in the last 3 months.