Honaut Time frame - 1day triangle pattern 22-01-2022 *MY ANALYSIS ONLY, BEFORE INVESTMENT TAKE ADVICE FROM YOUR ADVISOR.
Good move. If there is a big green candle you can buy it for swing and if you see resistance you can short it
Triangle breakout pattern in Honeywell Automation India Limited
Honaut has given a reversal recently and has given a breakout today. Abandoned Baby Pattern
honaut at resistance possible upmove wait for the daily close
whenever there isnt a wick at the top near the bottom of the bullish channel it has become the dream of a trend trader touching the upper channel for the perfect entry one has to wait for a higher high and only take entry after a decisive close over the weekly swing high try doing a valuation and company seems very appropriately valued at the moment
triangle breakout... breaking out of a corrective downmove after a few weeks look for upmove to new highs . initial targets marked on chart
buy Honeywell Automation...................................................................................................................................................................................................................................... .......................
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...
WE CAN OBSERVE FLAG FORMING..TRIANGLE EFFECT..GOOD STUFF FOR LEARNING
Head and shoulder pattern in making 30 % upside in less than 3 month possible (study purpose only)
Honeywell auto (HONAUT) long - Can be good swing trade, All levels marked in the chart. View posted for educational purposes only.
👑 Drop a follow here: @Averoy_Apoorv_Analysis 👑 ----------------------- 🔥🔥 Target: 1000 Followers 🔥🔥 🔥 Common sense used : 📌 Weekly time frame: Make 2 fib from 2 different from one will give you 30% retracement of price and one will give 50% - a sign of extreme bullishness 📌 The supply zone is broken and now converted into a demand zone on those bullish levels...
Took support at the 50% fibo retracement + 200EMA + 10MEMA and now looking to breakout of the descending trend and make a new higher high. There is also a double RSI +ive divergence. Long above 42000 SL 39990 Target 47750 and then 50,000++ Above 42,000 post entry if the stock moves 5% shift SL to cost and let it ride with a low risk exit if the markets turn...
If it breaks out then it will give a good return.