Updated - June 18, 2026 at 06:30 AM.
The stock of Hyundai Motor India has been appreciating since early April after witnessing a considerable decline in the preceding months. Last week, by gaining nearly 4 per cent, it broke out of a barrier at ₹1,940 and the price is now above both the 21- and 50-day moving averages. From the current level, we see the price might moderate to ₹1,940. But then, the bulls are expected to regain traction and establish another leg of an uptrend, which can potentially lift the stock to ₹2,260.
So, traders can buy now at ₹1,975 and accumulate at ₹1,940. Place initial stop-loss at ₹1,860. When the stock rises to ₹2,120, alter the stop-loss to ₹2,020. On a rally to ₹2,200, tighten the stop-loss to ₹2,140. Book profits at ₹2,260.
Video Credit: Businessline
(Note: The recommendations are based on technical analysis. There is a risk of loss in trading.)
Published on June 18, 2026
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