Honaut offering Good risk reward, Price has not performed in last few months.
This is honeywell auto industries chart and my view is for going long best stock hai hamesha moving average se uppr gaya hai PLEASE CONSULT UR FINANCIAL ADVISOR
HONEYWELL AUTOMATION Website- www.honeywell.com Diversified business- Aerospace, buildings, security , healthcare etc. Too many to mention. Retail exposure - face mask, shoes, electronic components, air purifiers, switches, bar code scanners, safe box, home automation, security camera, usb chargers, gloves etc Low debt, high cash reserve, future looking...
target 63450 due to risk reward ratio of flag patter. but it is costly stock enter this only after good buying confirmation
Entry - 41830 Target - 44200 Stoploss - 40000
Honeywell automation is bouncing from 38.1% of Fibonacci weekly retracement and reversal from this zone technically will be strong and consistent on upside if sustains Second Costliest script of the Indian stock exchange ,holding for target of becoming most expensive script in near future
Daily Butterfly + 4HR Crab STRONG Reversal Zone Break of Trend line SELL
Bearish Butterfly waiting for Break of Trend line with RSI BELOW 70 sell
BEARISH CRAB with RSI DIVERGENCE Price need to follow GREEN TREND LINE and hit Target 1 & 2 , else if Price BREAKS RED TREND LINE is EXIT POTENTIAL SELL
BEARISH Bat + RSI DIVERGENCE Price need to follow GREEN TREND LINE and hit Target 1 & 2 , else if Price BREAKS RED TREND LINE is EXIT POTENTIAL SELL
BEARISH BAT price need to follow Green Trend line & hit target If price Breaks Red Trend line is where EXIT before SL hits POTENTIAL SELL
Stock has crossed all resistances. Interesting thing about all time high stocks is that since all buyers are in profit; they don't want to sell leading to less supply. Which takes price even highrt. Disclosure- Holding from lower levels
Bearish Daily Deep Crab + 4HR Alt Bat STRONG Potential reversal zone price need to follow Green Trend line & hit target If price Breaks Red Trend line is where EXIT before SL hits POTENTIAL SELL