HONEYWELL AUTOHoneywell Automation India Limited (HAIL)was started in the year 1987 as a JV between Tata and Honeywell. It was known as Tata Honeywell Limited each holding 39.54% stake. Later in 2004 Honeywell Asia Pacific Inc. bought Tata's stake and the name was changed to Honeywell Automation India Limited.
Leader in Integrated automation solutions
Honeywell Automation India Limited (HAIL) is a leader in providing integrated automation and software solutions besides process solutions and building solutions. A Fortune 500 company, it has a wide product portfolio in environmental and combustion controls, sensing controls, etc. It also provides engineering services in the field of automation and control to global clients.
Technology Sharing by Holding company
HAIL has the privilege to access a few of the latest products and technologies of its ultimate holding company Honeywell International Inc. for launching in Indian markets.
Business segments
HAIL caters to its esteemed clientele in domestic markets through various segments which are Process solutions, Building solutions, Management Systems, Advanced Sensing Technologies. It caters to its customers in export markets through the Global Engineering Services Segment and the Global Manufacturing Segment.
Caters to Diversified Industries
Honeywell automation is well placed to cater services through its various business segments to various industries like Aerospace, Buildings & Cities, Chemicals & Materials, Healthcare, Industrial & Manufacturing, Retail, and Safety
Esteemed clientele
Honeywell has a strong track record of serving clients who are having presence across industries in India. Its clientele includes well-known companies with good presence in domestic markets as well as international markets. Some of its reputed customers include Reliance, Vedanta, HPCL, TCS, Delhi Airport, AIIMS, ITC Hotel, Kolkata airport, Mahindra & Mahindra, Kirloskar Oil Engines.
Major Concerns
Major concerns of the co. include rising international crude oil prices, forex rate fluctuations and disruption of the global supply chain.
HONAUT
HONAUT, 1D forms Hammer after a dwntrndNSE:HONAUT Honeywell Automation India Limited (HAIL) is a ~$350 million+ company listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). It was incorporated in India in 1984 and its registered office in Hadapsar, Pune. HAIL is a leader in providing integrated automation and software solutions, including process solutions and building solutions. It has a wide product portfolio in environmental and combustion controls, and sensing and control, and also provides engineering services in the field of automation and control to global clients.
HONAUT dorms Bullish Hammer after a downtrend on Daily time frame and gave closing above it.
Entry : 39941
Target : 41100/41400
SL : 38600
RR : 0.85/1
HONAUTHONAUT:- Ascending triangle pattern has formed, wait for breakout, till then keep an eye on the stock
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
HONAUT- Tweezer Bottom at Strong Support LevelsFollowing Chart is of Honeywell Automation which Clearly shows Tweezer Bottom at the Support Level of @39130
The trend must get reversed with Targets anywhere around @48000 to @50000 if the Strong Resistance Level is Broken @45000
The RSI is just reversing from the Oversold Region which hints a nice time to buy.
All in all you will end up with a sweet 11% profit in short term even if you book the profits @45000
Risk averse traders might wait for another day to confirm.
Do follow for more trading setups like these
Thanks, if you have any queries/suggestions related to above pattern, feel free to type below in the comment section.
#RICOAUTO CMP49.05 #TARGET 68 #JBMA #JAMNAAUTO #HONAUT #AUTOIND#RICOAUTO
LONG TERM INVESTMENT
NSE: RICOAUTO
CMP 49.05
Target 68.30
SL 44.25
Profit 40%
Can Hold For Long Term
Factors:
Trend Following
Follow the trends.
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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With 💚 from Rachit Sethia