The stock $HYUNDAI is showing signs of recovery after a prolonged correction from its post-listing highs. The stock has bounced strongly from the ₹1700–1750 support zone and is currently trading around ₹2001. The recent formation of higher highs and higher lows indicates that buying interest is gradually strengthening, suggesting an improving short-term trend. The stock has successfully reclaimed the important ₹2000 psychological level which now acts as a key support. The first resistance is at ₹2030–2050. A decisive breakout above this range could push the stock towards ₹2150–2250 with the next major resistance near ₹2400. The immediate support is at ₹1950–1970 while the major support zone is around ₹1850–1900. Holding above these levels keeps the bullish structure intact. Short-term buyers can consider fresh entries only after a sustained breakout above ₹2050 with strong volume confirmation. The stock is showing improving momentum, but confirmation above resistance will offer a better risk-reward opportunity. A stop-loss below ₹1950 is advisable. Existing holders can continue to hold the stock as long as it trades above the ₹1900–1950 support zone. The recent recovery has improved the technical structure, and a breakout above ₹2050 could accelerate bullish momentum and strengthen the medium-term outlook.

#TechnicalViews#EquityResearch#HiddenGems#Today’sTradingSetup

107 likes·23 comments