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.
Honeywellauto
Short Term Trading Idea on Honeywell Automation for 15% UpsideHi,
An bullish on-neck Breakout pattern emerged on the daily chart of NSE:HONAUT
MACD on daily, weekly and monthly time frame is on the bullish side and also expecting the bullish setup to continue.
Level of Entry, Exit & Stop loss mentioned on the chart.
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HoneywellAuto, Symmetrical triangle.A triangle pattern is being formed on weekly/monthly charts of Honeywell Automation and if price breaks out on the positive side with good volumes then a buy trade can be initatiated with a healthy upside till around 65000.
Please make sure to keep a stoploss and even trail it along with proper position sizing and adequate risk management!
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.