In the Weekly Chart of HONAUT , we can see that; it has respected 42500 levels multiple times. targets are shown in graph.
I am observing Honeywell automation from a very long time first - In may it give a fake breakout upto 30k - then it will take a v shape recovery upto 45 k - then again it form M pattern and take a dip 34 k - then it form a w pattern and currently it is continue in uptrend, currently is heading towards 44k which is a good resitance for this stock, if it is going...
Note to Self : Tgt 50000, Monthly charts breakout, Quality stock
HONAUT may give breakout soon. Expecting 10%-20% move in short term. Good for swing trading
I analyze the chart of Honeywell Automation - price, volume, trendlines, other technical data points across daily and weekly timeframe.
HONAUT 1week time frame Broken out from a beautiful pattern expected a good move because it is weekly pattern breakout This is posed before the breakout
Honeywell auto ind 1wtf wait for breakout to happen, resisting near very important resistance Good opportunity if it breakout
Honeywell taking support at trendline...bullish candle.
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!
BUY above high of brakeout candle with 1:2 take profit
1. False breakdown to remove weak hands 2. Price trading at support 3. No new low printed (sign of reversal) 4. Risk to reward is 1:6+
HONAUT:- Ascending triangle pattern has formed, wait for breakout, till then keep an eye on the stock Hello traders, As always, simple and neat charts so everyone can understand and not make it too complicated. rest details mentioned in the chart. will be posting more such ideas like this. Until that, like share and follow :) check my other ideas to get to...
Stock is not supporting on higher level now double top formation created. Expecting more downside move.
Looks like good accumulation is going on here long after the trend break can be done only for educational purposes
Honeywell Auto is near a 14 year old trendline. It is a log chart. It has a tendency to trade in flag patterns. Both trendline and flag started in 2009 and is still continuing. Every time before giving a breakout it comes near the line. It has happened in the past twice. Same thing is repeating now. Therefore it will be interesting to see how everything plays...
Very good channel break out is given, it was respecting four resistance points, now it is out of range which means buyer are strong in it, expected to see minimum 10% to 20% in short term with small stop loss. please do your own research and investment, if this idea benefits you, please feed a poor. thanks
HONAUT gives a breakout on horizontal trendline resistance and gives a close on above that trendline at the same time giving a Bollinger band breakout too gives a close on upper Band of it so we can see coming bullish momentum in this stock. Bollinger band resistance and next horizontal resistance indicating almost same targets which I tried to mentioned...
Honaut good Breakout in channel pattern good movie in website more than 10% upside move in this channel I find out double bottom pattern in 30 minutes time frame you can check now and by position in retest and correction.