The excited states of odd-odd 154Ho nucleus have been studied by the 141Pr(16O, 3n)154Ho reaction at Elab= 82 MeV utilizing the Indian National Gamma Array (INGA) setup at BARC-TIFR Pelletron facility, Tata Institute of Fundamental Research, Mumbai. Data from γ−γ coincidence, directional correlation (DCO), and polarization measurements have been analyzed to assign and confirm the spins and parities of the levels. The reported level scheme of 154Ho has been improved by including new levels and transitions. Mixing ratios for the mixed transitions extracted from DCO ratios and parity assignments from polarisation data are reported for the first time. The low-lying states in H154o, which are mostly collective, characterized by regularity in the excitation spectra, are proposed to be arising from neutron excitation. At higher excitation, there is a transition from collective to single-particle character, accompanied by the appearance of irregular and complex structure caused by proton excitation. The newly identified E1 gamma transitions connecting the low-lying positive and negative parity bands indicate octupole correlation in 154Ho. These new connections also support the phenomenological analysis to interpret the observed experimental features from a different perspective.
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