Hyundai Motor India – 1D Chart Update
Hyundai is attempting a bounce from the 2138–2118 demand zone, which has acted as a strong base recently.
However, the broader structure remains weak after the sharp fall from the 2890–2900 supply zone (major rejection area marked on chart).
Current move looks like a relief rally unless it reclaims higher levels.
Key Levels:
Resistance – 2266 / 2468
Major Supply – 2620+
Support – 2138 / 2118
Sustaining above 2266 can improve short-term momentum.
Failure to hold 2138 may resume downside pressure.
Disclaimer:
SEBI Registered Research Analyst. This content is strictly for educational purposes only. No buy/sell recommendation. Please consult your financial advisor before taking any investment decision.