This is follow-up on Honeywell Automation. Can check link to related ideas.
Target 1 achieved. Gain of more than 8%. Target 2 is ON.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI...
📈 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...
Here are some evergreen stocks which are 25% yearly compounder for last 10yrs with strong fundamentals and available near strong support zone.
-: NSE:PIDILITIND - available @2370 and strong support around 2250-2300.
-: NSE:BERGEPAINT - available @685 and strong support around 650-680 less than 30 rupees risk.
-: NSE:MINDTREE - available @3785 and...
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
#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...
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.
NSE
