HYUNDAI - Technical Analysis with Chart Patterns & Indicators

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

Technical Rating: 4.6

Here’s a comprehensive technical analysis of Hyundai Motor India Ltd (HYUNDAI)

📊 Trend Overview

Current Phase: Strong uptrend with overbought signals

Price Action: Trading at its 52-week high (₹2,735), well above both 50-DMA (₹2,350) and 200-DMA (₹2,031), confirming robust bullish momentum.

Volume: Significantly above average (13.27L vs 8.53L), indicating strong buying interest and institutional participation.

📈 Momentum Indicators

RSI (73.3): In overbought territory — signals strong momentum but also caution for short-term traders.

MACD (93.5): Strongly positive and diverging — confirms bullish momentum and trend continuation.

Bollinger Bands: Price likely hugging the upper band, suggesting strength but also potential for short-term pullback or sideways movement.

🧭 Chart Patterns

Breakout from Ascending Triangle: Price broke above ₹2,585 resistance, confirming bullish continuation.

Trendline Support: Rising trendline from ₹1,542 remains intact, supporting the long-term bullish structure.

🔍 Support & Resistance Levels

Level Price (₹) Commentary

Support 1 2,585 Previous breakout level

Support 2 2,350 50-DMA, dynamic support

Support 3 2,200 Swing low before breakout

Resistance 1 2,735 52-week high, immediate ceiling

Resistance 2 2,800 Psychological level, extension target

Major Resistance 3,000 Long-term Fibonacci extension

🎯 Entry & Exit Zones

Optimal Entry: ₹2,585–₹2,620 (on dips with volume confirmation)

Short-Term Target: ₹2,800–₹3,000

Exit Zone / Stop-Loss: ₹2,350 (below 50-DMA)

🔄 Short-Term Outlook

Momentum: Strong and accelerating

Bias: Bullish above ₹2,585; cautious below ₹2,350

Phase: Trending — no signs of reversal or consolidation

🧠 Key Takeaways

Hyundai is in a powerful uptrend, backed by strong volume, bullish indicators, and a breakout from key resistance.

RSI suggests short-term caution, but MACD and price action confirm continued strength.

A close above ₹2,735 with volume could unlock further upside toward ₹2,800–₹3,000.

Sources

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