Honda India Power Products - Breakout Setup, Move is ON...#HONDAPOWER trading above Resistance of 3419
Next Resistance is at 4448
Support is at 2390
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
HONDAPOWER
HondaPower....Can see Power move ...1600++As of now we can see that the stock was trading between tight range and today it gave breakout .....and it was near to upper circuit...
it was trading above its 200 EMA and holding it, if tommorow it gave closing above 1570...then definetly we will achive our all targets in 2-3 days ..
Good Buying Happend ....with strong green candle sharpe move MARUBOZU CANDLE
Red Candle Line is 1H TF Line & Blue one is 1D TF..
Good Swing Trade we can take in this ...
Our targets Are
1500/1570/1600/1650
Book As per Comfort