POWERINDIA - Technical Analysis with Chart Patterns & Indicators

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

Technical Rating: 4.2

Here’s a detailed technical analysis of Hitachi Energy India Ltd (POWERINDIA) based on current chart indicators and market behavior

📊 Trend Overview

Current Phase: Consolidating with bullish undertones

Price Action: Trading slightly below the 50-DMA (₹19,413) but well above the 200-DMA (₹16,421), indicating long-term strength despite short-term hesitation.

Volume: Slightly above average (1.00L vs 78K), suggesting steady interest but not breakout-level momentum

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📈 Momentum Indicators

RSI (47.3): Neutral zone — no clear momentum, indicating consolidation.

MACD (0.48): Barely positive — suggests weak bullish momentum, with potential for reversal if supported by volume.

Bollinger Bands: Price likely near the middle band, consistent with sideways movement and low volatility.

🧭 Chart Patterns

Cup Formation with Handle Developing: Price surged from ₹8,738 to ₹21,800 and is now forming a handle — a bullish continuation setup.

Trendline Support: Rising trendline from ₹8,738 remains intact, supporting long-term bullish structure.

🔍 Support & Resistance Levels

Level Price (₹) Commentary

Support 1 19,000 Minor pullback zone

Support 2 18,200 Previous swing low

Support 3 16,400 200-DMA, long-term support

Resistance 1 19,800 Near-term ceiling

Resistance 2 21,000 Pre-high congestion zone

Major Resistance 21,800 52-week high

🎯 Entry & Exit Zones

Optimal Entry: ₹18,800–₹19,200 (on dips with volume confirmation)

Short-Term Target: ₹19,800–₹21,000

Exit Zone / Stop-Loss: ₹18,200 (below swing support)

🔄 Short-Term Outlook

Momentum: Weak but stabilizing

Bias: Bullish above ₹19,000; cautious below ₹18,200

Phase: Consolidating — awaiting breakout confirmation

🧠 Key Takeaways

POWERINDIA is in a consolidation phase after a strong rally, forming a potential bullish continuation pattern.

RSI and MACD suggest indecision, while long-term moving averages confirm strength.

A breakout above ₹19,800 with volume could trigger a move toward ₹21,800 and beyond.

Sources

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Let me know if you’d like a visual chart or screener of similar high-PE consolidating stocks.

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dailybulls.in

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walletinvestor.com

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