BHARTIHEXA - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 3.3

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

📊 Trend Overview

Current Status: Reversing

Price Action: The stock is trading below its 50-DMA and just above the 200-DMA, indicating a weakening trend with potential support at longer-term levels.

📈 Moving Averages

DMA 50: ₹1,766

DMA 200: ₹1,614

Current Price: ₹1,710

🔻 Price is below the 50-DMA but above the 200-DMA, suggesting short-term weakness but medium-term support.

📉 Momentum Indicators

RSI (14-day): 40.9 — Weak zone, approaching oversold territory. Indicates fading momentum.

MACD: -19.7 — Bearish crossover, confirming downward pressure.

Volume: 1.49 lakh vs 1-week avg of 2.24 lakh — Below average, showing reduced participation and lack of buying interest.

📊 Bollinger Bands

Price is near the lower band, suggesting oversold conditions and potential for a technical bounce. However, trend remains weak.

🔍 Support & Resistance Zones

Level Price (₹) Commentary

Support 1 1,675 Near-term support zone

Support 2 1,614 200-DMA, stronger support

Resistance 1 1,766 50-DMA, immediate resistance

Resistance 2 1,850 Previous swing high

Resistance 3 2,000–2,050 Major resistance zone, 52-week high

🎯 Entry & Exit Zones

Optimal Entry: ₹1,675–₹1,700 range on confirmation of support holding and RSI reversal.

Exit Zone: ₹1,760–₹1,850 for short-term traders; ₹2,000+ for medium-term breakout players.

⚠️ Short-Term Signals

MACD bearish, RSI weak, and price below 50-DMA suggest continued downside risk.

Volume weakness adds to caution.

Despite strong quarterly profit growth (+55.9%), technicals point to a reversal phase.

🧭 Summary

Trend: Reversing with bearish undertone

Momentum: Weak; MACD and RSI signal caution

Technical Rating: 3.3 — Bearish setup with bounce potential near 200-DMA

Would you like a comparison with Bharti Airtel or other telecom infrastructure plays to assess sector alignment?

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