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.
Honeywell
Honeywell Int - Wait for breakoutHoneywell International is trading in a symmetrical triangle channel and needs to breakout on either side to confirm the trend.
On upper side breakout - target is 250+
On lower side breakout - target is 150-160 approx
This is long term view 1- 2 years.
Note - Trade only on monthly final closing basis else you may get stuck in false breakout.
HoneyWell Chart Analysis !!📈 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 basis.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
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.
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Thanks, if you have any queries/suggestions related to above pattern, feel free to type below in the comment section.
SHORT Opportunities in CASTROL, HONEYWELL AUT & RAJEXPO for 22 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 favorable RR ratio.
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