Hyundai Motor India – Technical Analysis

The stock

is showing a short-term recovery after a sharp correction from its August high near ₹2280. The stock bounced from the ₹1680–1700 zone but faced selling pressure near ₹1950–2000. It is currently trading around ₹1901. The broader trend remains weak as the price is still below its major moving averages and RSI indicates weak momentum. Support & Resistance: Immediate support lies around ₹1880–1850 followed by ₹1800–1780. On the upside ₹1930–1950 is the first resistance zone followed by ₹2000–2050. A sustained breakout above ₹1950 could improve the short-term structure. Short-Term Buyers & Holders View: Short-term buyers can wait for a sustained move above ₹1950 with strong volume before considering fresh entry. Holders should monitor the ₹1850 support zone and watch whether the stock continues forming higher lows. A breakdown below support could weaken the recovery.