Honeywell Automation is trading in a triangle channel and Klinger is showing bearish divergence on monthly charts.
It can breakout on either side and target of 52800 or 21458 can be seen in coming year.
For trading the triangle channel bottom and top can be used.
📈 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.
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...
Honaut retesting important fib levels of ratio 1.414 (40800). Can enter into a long position with CMP with SL of 39000 and more can be added around 1.27 (39500) with targets as mentioned on the graph.
#Honeywell Automation India Ltd. Cmp 40000.30
#Retest of top made on 12 Feb 2020 done
#Bullish Candlestick on 200 DEMA at same levels
#HAIL #MNC
#StocksToInvest
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...
Hello traders,
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...
