HBLENGINE - Technical Analysis

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

Technical Rating: 3.5

Here’s a detailed technical breakdown of HBL Power Systems Ltd (HBLENGINE)

📊 Trend Analysis

Current Price: ₹580 is slightly below the 50-DMA (₹586) but above the 200-DMA (₹554), indicating short-term consolidation within a broader uptrend.

RSI (44.0): In the lower neutral zone, suggesting weak momentum and potential for further cooling.

MACD (-5.52): Bearish crossover, confirming downward pressure in the short term.

Volume: Slightly above the 1-week average, indicating stable participation but no strong accumulation.

📈 Chart Patterns & Indicators

Moving Averages

Price above 200-DMA → Long-term bullish

Price below 50-DMA → Short-term weakness

Bollinger Bands: Price likely near the middle or lower band, suggesting no breakout and possible range-bound movement.

Support Levels

Immediate support at ₹560–₹570 (recent swing lows)

Major support at ₹520–₹530 (previous consolidation zone)

Resistance Levels

Immediate resistance at ₹600–₹610 (recent highs)

Major resistance at ₹640–₹660 (trendline + psychological level)

🚦 Momentum Signals

Short-Term Signal: Mildly bearish

Trend Status: Consolidating, with signs of reversal if price breaks below ₹560

Volume Trend: Stable but not rising, indicating neutral sentiment

🎯 Entry & Exit Zones

Action Price Zone (₹) Rationale

Buy Zone 560–570 Near support, risk-reward favorable

Breakout Buy Above 610 Confirmation of bullish continuation

Exit Zone 640–660 Resistance zone, profit booking

Stop Loss Below 550 Breach of key support

🧠 Final Take

HBLENGINE is currently consolidating after a strong rally earlier in the year. While fundamentals remain attractive (low debt, high ROCE/ROE), the recent drop in quarterly profit and bearish MACD suggest caution. A breakout above ₹610 with volume could reignite bullish momentum. Until then, expect sideways movement with a mild bearish bias.

Want to compare this with another electrical equipment stock or track its breakout potential?

Edit in a page