BHARTIHEXA - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 05 Nov 25, 7:43 am

Technical Rating: 4.0

📈 BHARTIHEXA is currently trending upward with bullish momentum indicators and price action above key moving averages. While volume is light, MACD and RSI suggest continued strength.

📊 Technical Analysis Summary

• Trend Status: Trending upward
• RSI (59.0): Bullish — healthy momentum, not yet overbought
• MACD (37.3): Positive crossover — confirms bullish momentum
• Volume: Significantly below 1-week average — low conviction
• DMA 50 & 200: Price above both — confirms bullish structure
• Bollinger Bands: Price near upper band — momentum strong, breakout possible

🎯 Entry & Exit Zones

• Support Levels: ₹1,820, ₹1,772, ₹1,720
• Resistance Levels: ₹1,900, ₹1,975, ₹2,053
• Optimal Entry: ₹1,820–₹1,850 (on minor dip)
• Exit Target: ₹1,975–₹2,050 (short-term resistance)

✅ Positive

• Strong ROE (25.2%) and ROCE (17.4%) — excellent capital efficiency
• EPS of ₹27.5 — solid earnings profile
• Price above key moving averages — confirms bullish momentum
• DII holding increased by 0.43% — domestic investor confidence
• PEG ratio (0.45) — attractive valuation relative to growth

⚠️ Limitation

• Volume significantly below average — momentum may lack conviction
• High P/E (65.1) — valuation premium over industry
• Debt-to-equity ratio (1.24) — moderate leverage risk

📉 Company Negative News

• Quarterly PAT declined from ₹468 Cr to ₹392 Cr — 16.2% drop
• FII holding declined by 0.39% — slight institutional caution

📈 Company Positive News

• Qtr Profit Var shows 55.9% YoY growth — strong annual performance
• Stock up 78.1% from 52-week low — strong recovery

🏭 Industry

• Sector: Telecom / Communication Services
• Industry P/E: 53.6 vs BHARTIHEXA’s P/E: 65.1 — relatively overvalued
• Sector outlook supported by digital infrastructure and data consumption growth

🧾 Conclusion

• BHARTIHEXA is in a bullish trend with strong technical indicators
• Entry near ₹1,820–₹1,850 with targets at ₹1,975–₹2,050
• Monitor volume and RSI for signs of continuation or exhaustion
• Valuation remains elevated; suitable for momentum traders and long-term investors with growth focus