BHARTIHEXA - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

Technical Rating: 4.2

Here’s a comprehensive technical analysis of BHARTIHEXA (Bharti Hexacom Ltd.)

📊 Trend Overview

Current Price: ₹1,845 is above both 50-DMA (₹1,786) and 200-DMA (₹1,557) — indicating a strong uptrend.

RSI (55.2): In the bullish zone, suggesting positive momentum without being overbought.

MACD (0.21): Slightly positive, indicating mild bullish crossover.

Volume: Slightly below average, which may imply momentum cooling or healthy consolidation.

📌 Conclusion: The stock is trending upward, with signs of momentum continuation.

📈 Chart Patterns & Indicators

Bollinger Bands: Price is near the upper band, suggesting strong momentum but also caution for potential pullback.

Candlestick Patterns: Recent bullish candles with higher lows indicate buying interest.

Support Levels

₹1,786 (50-DMA)

₹1,720 – ₹1,760 (Fibonacci & Pivot zone)

Resistance Levels

₹1,903 – ₹1,960 (Pivot R1–R2 zone)

₹2,053 (52-week high)

🎯 Entry & Exit Zones

Action Price Zone (₹) Rationale

Buy Entry 1,760 – 1,790 Near 50-DMA, strong trend support

Target 1 1,900 – 1,960 Resistance zone

Target 2 2,030 – 2,050 52-week high zone

Stop Loss 1,720 Below key support and trendline

🔍 Momentum Signals

Short-Term: Bullish, supported by RSI and MACD.

Medium-Term: Strong trend above key moving averages.

Long-Term: Solid fundamentals — high ROE (25.2%), strong PAT growth (110%), and low PEG (0.49) — support sustained upside.

🧭 Final Take

BHARTIHEXA is trending with bullish momentum and strong fundamentals. A breakout above ₹1,960 with volume could lead to a retest of ₹2,050. Traders may consider accumulating near ₹1,760–₹1,790 for a favorable risk-reward setup.

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