ShelendrAgrawal

HoneyWell Chart Analysis !!

Long
NSE:HONAUT   HONEYWELL AUTO IND
πŸ“ˆ HoneyWell Auto πŸ“‰

My Findings :-
1. Breakout from a Resistance Zone after testing three times.
2. Close above March high.
3. Double Bottom Formation.
4. Higher High and Higher Low formation.

Bias- Long
Target- 42270, 43302, 44885 and 46110
SL- 39450
RR- 1: 2


All Important Supports and Resistances are drawn in chart.

All levels are of Spot and on closing basis.

Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
Trade closed: stop reached

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