Bharti Hexacom: Can It Break ₹1,680 Resistance

Bharti Hexacom Ltd is showing improving momentum after a strong recovery from its October lows. The stock is consolidating in the ₹1,578–₹1,679 range, with ₹1,675–₹1,680 emerging as a crucial resistance zone that has capped previous rallies. Technically, the stock is trading above its key moving averages, indicating a positive short-term trend. The RSI is around 65, reflecting bullish momentum without yet entering the traditionally overbought zone. MACD remains above the zero line with a rising slope, suggesting that buying momentum is gradually strengthening. My View: A decisive breakout above ₹1,680, supported by strong volumes, could open the door for further upside towards ₹1,700–₹1,730. However, repeated rejection near resistance may lead to continued consolidation or profit booking. On the downside, ₹1,600 and ₹1,578 are important support levels to monitor. The next directional move will depend on whether buyers can sustain a breakout above the resistance zone. Disclosure: The analyst and his family do not have any position in the stock. This article is for educational purposes only and is not investment advice.