HYUNDAI | TECHNO-FUNDA ANALYSIS

Hyundai Motor India – Techno-Funda Summary (Bearish Bias)

Technical View: Price consistently rejecting the 2370 resistance. Formation shows lower highs and lower lows = short-term downtrend. EMA, RSI, SAR, MACD → All bearish, confirming weakness. Key support at 2318; breakdown can accelerate selling. Fundamental View: Strong brand but high competition, tight margins in PV & EV segment, and recent cost pressures slightly negative in short-term. Verdict: Bearish → Sell on rise until it reclaims 2370