HBLENGINE - Technical Analysis with Chart Patterns & Indicators

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

Technical Rating: 4.6

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

📈 Trend Analysis

Current Price (₹858) is well above both 50-DMA (₹750) and 200-DMA (₹620) — confirming a strong bullish trend.

52-week Index at 88.9% shows the stock is trading near its yearly high (₹915), indicating momentum continuation.

Trend Status: Trending upward, with breakout potential.

🔍 Momentum Indicators

RSI (61.5): In the bullish zone, suggesting strong momentum with room for further upside.

MACD (46.1): Strongly positive — confirms bullish crossover and trend strength.

Volume: At 16.91L, above 1-week average (14.27L) — indicates active accumulation, supporting the rally.

📊 Chart Patterns & Moving Averages

Price is well above key moving averages, reinforcing bullish sentiment.

Support Levels

₹820 (minor swing support)

₹750 (50-DMA)

₹620 (200-DMA)

Resistance Levels

₹880–₹915 (recent highs and psychological resistance)

₹950–₹980 (projected breakout zone)

📉 Bollinger Bands

Price is near the upper band, suggesting short-term overextension.

Bands are expanding, indicating volatility and strength in the current move.

🎯 Entry & Exit Zones

Action Price Zone (₹) Rationale

Entry 820–840 Near swing support and pre-breakout zone

Exit (Short-Term) 900–950 Resistance zone, potential reversal

Stop Loss 750 Below 50-DMA and trendline

🧭 Summary

Trend: Bullish

Momentum: Strong and accelerating

Volatility: Expanding, with breakout potential

Strategy: Accumulate on dips near ₹820–₹840 with target ₹900–₹950. Monitor RSI for signs of exhaustion and MACD slope for continuation.

Would you like to explore similar setups in the energy storage or electronics sector for broader positioning?

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