Bharti Hexacom regains ₹1,500 as buying momentum improves!

Bharti Hexacom regains ₹1,500 as buying momentum improves Bharti Hexacom Limited (NSE: BHARTIHEXA) has shown signs of renewed buying interest after recovering from lower levels. In its October 9 technical analysis, Moneycontrol reported that the stock reclaimed the ₹1,450 resistance zone and approached ₹1,500, supported by higher trading volume and improving momentum indicators. 1. What is happening? The stock was quoted at ₹1,500.70 in the published analysis. It was trading above its 20-day simple moving average, while its Relative Strength Index (RSI) had recovered to around 52. The MACD also showed a bullish crossover. Trading volume reportedly reached nearly twice its recent average, indicating stronger participation in the recovery. 2. Why it matters A recovery above a previous resistance zone can indicate that buyers are regaining control. However, the breakout needs follow-through buying to become a sustainable trend. The telecom sector's performance and the broader market's ability to maintain Friday's rebound will also be important. 3. My technical view The ₹1,450 zone is the key support reference in this setup. If the stock holds above it and buying volume remains strong, the next resistance area could come into focus.