POWERINDIA - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

Technical Rating: 4.4

Here’s a detailed technical analysis of Hitachi Energy India Ltd (POWERINDIA)

📈 Trend Overview

Current Price: ₹20,550 is above both the 50 DMA (₹18,633) and 200 DMA (₹15,141), confirming a strong uptrend.

Trend Status: The stock is trending upward, nearing its 52-week high of ₹21,385. Momentum is strong, but signs of short-term consolidation may emerge.

📊 Momentum Indicators

RSI (58.8): In the bullish zone, but not yet overbought. Indicates continued strength with room to run.

MACD (386): Strongly positive, confirming bullish momentum and trend continuation.

Volume: Current volume (2.32L) is slightly above the 1-week average (2.12L), showing healthy participation.

📈 Moving Averages

Indicator Value Signal

50 DMA ₹18,633 Price above – Bullish

200 DMA ₹15,141 Price well above – Strong Bullish

📌 Support & Resistance Zones

Level Price (₹) Commentary

Support 1 ₹19,500 Minor support from recent pullbacks

Support 2 ₹18,600 50 DMA – strong technical support

Resistance 1 ₹21,000 Near-term resistance zone

Resistance 2 ₹21,385 52-week high – major resistance

📍 Entry & Exit Zones

Optimal Entry: ₹19,500–₹20,000 (on pullback with MACD support and RSI > 50)

Exit Target: ₹21,000–₹21,385 (if RSI crosses 65 and volume spikes)

📊 Bollinger Bands Insight

Price is likely near the upper band, suggesting momentum strength but also mild overextension.

Bands are expanding, indicating volatility and breakout potential.

🔍 Chart Pattern Insight

Price action shows higher highs and higher lows, confirming a strong uptrend.

No bearish reversal patterns detected.

Watch for flag or pennant continuation patterns near ₹20,500–₹21,000.

🧭 Summary

Technical Bias: Bullish

Momentum: Strong and rising

Trend: Trending upward

Suggested Strategy: Buy on dips near support with tight stop-loss. Ideal for trend-following or momentum-based swing trades.

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