📈 HoneyWell Auto 📉
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.
Target- 42270, 43302, 44885 and 46110
RR- 1: 2
All Important Supports and Resistances are drawn in chart.
All levels are of Spot and on closing...
Following 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...
As mentioned in the video, you can look for possible shorting opportunities in the stocks CASTROL INDIAN, HONEYWELL AUTOMATION & RAJESH EXPO for coming session and also for the next few days.
Lookout for the exact levels available in my Indicator and trade accordingly.
Take suitable entries at the mentioned Zones only so that you can get a...