HYUNDAI - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 20 Dec 25, 03:54 pm

Technical Rating: 3.8

📊 Chart Patterns: Hyundai is trading below its 50 DMA (2,353 ₹) but above its 200 DMA (2,196 ₹), showing short-term weakness within a medium-term uptrend. Current price (2,317 ₹) is near support at 2,300–2,310 ₹, with resistance around 2,350–2,370 ₹. Broader range remains 2,300–2,370 ₹.

📉 Moving Averages: Price below 50 DMA indicates short-term bearishness, but above 200 DMA confirms medium-term strength.

📉 RSI: At 43.2, RSI is neutral to weak, suggesting limited momentum and potential for consolidation.

📉 MACD: Negative at -21.7, confirming bearish momentum and signaling caution for traders.

📊 Bollinger Bands: Price is near the mid-band, suggesting sideways consolidation within the current range.

📉 Volume Trends: Current volume (3,33,142) is below average weekly volume (6,87,205), showing reduced participation and lack of strong buying conviction.

📌 Short-term Momentum Signals: Weak momentum with neutral RSI and negative MACD. A bounce is possible if price holds above 2,300 ₹. Breakout above 2,353–2,370 ₹ could trigger recovery toward 2,420 ₹.

🎯 Optimal Entry Zone: 2,300–2,310 ₹ (near support).

🎯 Optimal Exit Zone: 2,350–2,420 ₹ (near resistance).

📉 Trend Status: The stock is consolidating with a bearish bias, awaiting breakout confirmation.

Positive

• Strong ROCE (54.2%) and ROE (42.2%) reflect excellent operational efficiency.
• Low debt-to-equity ratio (0.05) ensures financial stability.
• Quarterly PAT growth (1,570 Cr. vs 1,336 Cr.), up 17.4%, highlights earnings strength.
• EPS of 69.1 ₹ supports valuation strength.

Limitation

• Stock trading below 50 DMA shows weak short-term technical strength.
• RSI and MACD indicate bearish momentum.
• Dividend yield of 0.92% is modest compared to peers.

Company Negative News

• DII holding decreased slightly (-0.02%), showing reduced domestic institutional support.

Company Positive News

• FII holding increased by 0.26%, reflecting foreign investor confidence.
• Quarterly PAT growth highlights operational resilience.

Industry

• Industry PE at 33.9 is slightly higher than Hyundai’s PE (33.5), suggesting fair valuation relative to peers.
• Automobile sector outlook remains positive with strong demand recovery and innovation in EVs.

Conclusion

⚖️ Hyundai is fundamentally strong with high ROCE/ROE, low debt, and consistent profit growth. However, technically the stock is consolidating below its 50 DMA with bearish signals from RSI and MACD. Entry is favorable near 2,300–2,310 ₹ with cautious exit around 2,350–2,420 ₹. Long-term investors may hold for sector strength, while short-term traders should wait for confirmation above 2,353 ₹.