HBL Engineering Ltd – Daily Technical View

📊 HBL Engineering Ltd – Daily Technical View The stock is currently in a pullback phase within a broader range, after failing to sustain higher levels. Price action suggests short-term weakness, but structure is not fully broken yet. 🔍 Technical Observations: Price is trading below the 20 EMA, indicating short-term pressure Rejection seen near the upper Bollinger Band, followed by correction RSI is hovering around the 45–50 zone, showing neutral to weak momentum Volumes remain average — no panic selling yet 🔑 Key Levels: Support: ₹820 – ₹800 Resistance: ₹900 – ₹930 Strength only above: ₹930 with volume 📈 Outlook: As long as ₹800 holds, the stock may consolidate and attempt a base. A decisive move above ₹930 can revive upside momentum. Below ₹800, further downside cannot be ruled out. ⚠️ Educational view only. Not a buy/sell recommendation. — AALGO BREATHS