HBLENGINE - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 4.2
| Stock Code | HBLENGINE | Market Cap | 22,600 Cr. | Current Price | 815 ₹ | High / Low | 1,122 ₹ |
| Stock P/E | 27.6 | Book Value | 78.4 ₹ | Dividend Yield | 0.24 % | ROCE | 59.4 % |
| ROE | 45.2 % | Face Value | 1.00 ₹ | DMA 50 | 769 ₹ | DMA 200 | 757 ₹ |
| Chg in FII Hold | 0.07 % | Chg in DII Hold | -0.03 % | PAT Qtr | 59.4 Cr. | PAT Prev Qtr | 218 Cr. |
| RSI | 58.7 | MACD | 5.79 | Volume | 26,92,011 | Avg Vol 1Wk | 29,37,795 |
| Low price | 552 ₹ | High price | 1,122 ₹ | PEG Ratio | 0.26 | Debt to equity | 0.03 |
| 52w Index | 46.2 % | Qtr Profit Var | 14.8 % | EPS | 28.7 ₹ | Industry PE | 27.0 |
📊 HBLENGINE is trading at 815 ₹, above both its 50 DMA (769 ₹) and 200 DMA (757 ₹), confirming strong bullish alignment. RSI at 58.7 indicates healthy momentum, while MACD at 5.79 is positive, supporting bullish bias. Bollinger Bands show price moving toward the upper band, suggesting upside potential but also risk of consolidation. Current volume (26,92,011) is slightly below the 1-week average (29,37,795), reflecting moderate participation.
- 💰 Optimal Buy Price: 800 – 815 ₹ (support near DMA levels)
- 📈 Profit-Taking Exit Levels: 850 ₹ (first resistance), 880 – 900 ₹ (trendline resistance)
- 📉 Stop-Loss / Loss Protection: 780 ₹ (below support)
- ⏱️ Trend Status: Trending upward with bullish bias; consolidation possible near 850 – 900 ₹.
Positive
✅ Price trading above both 50 DMA and 200 DMA confirms bullish structure.
✅ ROCE (59.4%) and ROE (45.2%) highlight exceptional efficiency.
✅ EPS at 28.7 ₹ supports valuation strength.
✅ PEG ratio of 0.26 suggests fair valuation relative to growth.
✅ FII holdings increased (+0.07%), showing foreign investor confidence.
✅ Debt-to-equity at 0.03 indicates very low leverage.
Limitation
⚠️ Sequential PAT decline (59.4 Cr. vs 218 Cr.) shows earnings pressure.
⚠️ RSI near 60 indicates moderate overbought conditions.
⚠️ Volume below average reduces breakout conviction.
⚠️ DII holdings decreased (-0.03%), showing reduced domestic support.
⚠️ Dividend yield at 0.24% is negligible.
Company Negative News
🚫 Sharp sequential decline in quarterly profits.
🚫 Domestic institutional selling adds caution.
Company Positive News
🌟 Strong fundamentals with high ROCE and ROE.
🌟 EPS supports earnings visibility.
🌟 Technical indicators confirm bullish bias above DMA levels.
Industry
🏭 Industry P/E at 27.0 is aligned with HBLENGINE’s 27.6, showing fair valuation relative to peers.
🏭 Engineering and electrical sector outlook remains positive with demand in power, defense, and automation.
Conclusion
📌 HBLENGINE is trending upward with bullish bias, supported by strong fundamentals and technical alignment. Entry near 800 – 815 ₹ offers favorable positioning, while exits at 850 – 900 ₹ should be monitored. Stop-loss protection at 780 ₹ is advised. Despite strong efficiency metrics, sequential profit decline warrants cautious accumulation.
Would you like me to extend this into a swing trade overlay for 1–2 week holding logic, or keep the focus strictly on this intraday technical view?