Technical Analysis Hyundai Motor India

The stock

is currently trading at ₹1960.30. After a massive upward rally that peaked near ₹2800 in late 2025 the stock has entered a clear downtrend. For the past several months it has been making lower highs and lower lows which means sellers are currently in control. Recently the stock has experienced a sharp steep drop falling quickly from the ₹2200 area. The long red candles on the right side of the chart show that there is strong selling pressure and very little buying interest at the moment. Support the stock is currently testing a support zone right around ₹1900 to ₹1960. If the price breaks heavily below this the next major safety net is down around ₹1750 to ₹1800 where it bounced back from earlier in 2025. Resistance if the stock tries to bounce back up from here it will face a tough roadblock around the ₹2150 to ₹2200 levels which used to be support but will now act as resistance. It is going through a deep correction after a massive rally meaning it needs time to stop falling and build a steady base before resuming any upward journey. New buyers avoid entering the stock right now as trying to catch a falling trend is risky wait for a clear reversal or a stable base to form. Holders closely monitor the crucial ₹1900 support zone if the price decisively breaks below this level you may need to reconsider your stop-loss strategy to prevent further downside. Technical analysis is based on historical patterns and does not guarantee future results. Always use a Stop-Loss to manage your risk.