HEXT - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 4.0
| Stock Code | HEXT | Market Cap | 30,862 Cr. | Current Price | 505 ₹ | High / Low | 900 ₹ |
| Stock P/E | 32.3 | Book Value | 53.3 ₹ | Dividend Yield | 2.27 % | ROCE | 33.5 % |
| ROE | 26.6 % | Face Value | 1.00 ₹ | DMA 50 | 493 ₹ | DMA 200 | 589 ₹ |
| Chg in FII Hold | -3.95 % | Chg in DII Hold | 3.73 % | PAT Qtr | 214 Cr. | PAT Prev Qtr | 142 Cr. |
| RSI | 60.0 | MACD | 11.1 | Volume | 1,40,182 | Avg Vol 1Wk | 3,08,609 |
| Low price | 400 ₹ | High price | 900 ₹ | PEG Ratio | 4.35 | Debt to equity | 0.13 |
| 52w Index | 21.0 % | Qtr Profit Var | -10.6 % | EPS | 15.0 ₹ | Industry PE | 21.0 |
📈 Chart Patterns: HEXT is trading near its short-term resistance zone (₹493–₹505). The broader structure shows recovery from lows (₹400) but capped by resistance at ₹589 (DMA 200).
📊 Moving Averages: Current price (₹505) is above DMA 50 (₹493) but below DMA 200 (₹589), indicating short-term bullishness but medium-term weakness.
📉 RSI: At 60.0, RSI is moderately strong, suggesting momentum but nearing overbought territory.
📈 MACD: Positive at 11.1, showing bullish crossover and continuation of upward momentum.
📉 Bollinger Bands: Price is near the upper band, reflecting bullish momentum but risk of short-term pullback.
📊 Volume Trends: Current volume (1.4L) is below average weekly volume (3.08L), showing reduced participation and lack of strong conviction.
⚡ Short-Term Momentum Signals: Bullish bias with moderate strength; breakout possible if price sustains above ₹520 with volume support.
🎯 Entry Zone: ₹490–₹505 (support region).
🎯 Exit Zone: ₹560–₹589 (resistance zone).
🔀 Trend Status: Consolidating with bullish bias; reversal possible only if price sustains above ₹589.
Positive
- Strong ROCE (33.5%) and ROE (26.6%) highlight efficient capital usage.
- Dividend yield of 2.27% provides steady income.
- Quarterly PAT improved from ₹142 Cr. to ₹214 Cr.
- DII holdings increased (+3.73%), showing domestic investor confidence.
Limitation
- Price still below DMA 200 signals medium-term weakness.
- High PEG ratio (4.35) suggests overvaluation relative to growth.
- FII holdings declined (-3.95%), showing reduced foreign investor confidence.
- Volume participation weaker than average, limiting breakout potential.
Company Negative News
- Quarterly profit variation (-10.6%) indicates earnings volatility.
- Weak foreign investor sentiment with declining FII stake.
Company Positive News
- EPS at ₹15.0 remains strong compared to peers.
- MACD positive, hinting at bullish momentum continuation.
- DII support increased, reflecting domestic institutional confidence.
Industry
- Industry PE at 21.0 vs. HEXT PE at 32.3 indicates premium valuation.
- Sector outlook remains steady with demand recovery trends.
Conclusion
HEXT is consolidating with bullish undertones. Short-term traders may consider entry around ₹490–₹505 with exit near ₹560–₹589. Long-term investors should monitor earnings stability and sector demand before fresh accumulation.
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