Overall Technical outlook

Price Summary

Honasa Consumer Limited's shares surged 3.53% today, reflecting a remarkable day on the market.
On 2025-05-29, Honasa Consumer Limited's stock opened at 312.05, reached a high of 324.1, dropped to a low of 308.98, and closed higher 3.53% at 323.07, with a trading volume of 625370 shares.
In the last 52 weeks, the stock's top price was 541.75 and the bottom price was 200.89.
12 analysts estimate that the future price of HONASA will fall between 180.0 and 400.0, with an average price expectation of approximately 282.83334.

Technicals

Support and Resistance: The price of 323.07 is supported at 251.4 and encounters resistance at 329.25. This suggests key levels where the price might find stability, with 251.4 providing a base and 329.25 acting as an upper boundary for HONASA.
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Support/Resistance for HONASA


Aroon: The current reading of the AROON indicator suggests a neutral stance, with no clear signals indicating an upward or downward direction. This lack of directional bias suggests the market may be in a period of consolidation or uncertainty.
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Aroon chart for Honasa Consumer Limited


Bol. Bands: The BOLL BANDS is showing a neutral stance, with no definitive indication of an upward or downward trend for HONASA. This neutral position suggests a period of indecision in the market, making it difficult to predict the next move.
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Bolinger Bands chart for Honasa Consumer Limited


Parabolic SAR: The PSAR maintains its bullish stance, setting a significant support level that could help maintain the market's upward movement. This strong support suggests that the market is poised to continue its positive trend, providing confidence in the ongoing bullish momentum.
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Parabolic Stop and Reverse chart for Honasa Consumer Limited


Stochastic: The K-line has dropped below the D-line on the stochastic indicator while staying above 80, suggesting that a bearish price move may be beginning. This pattern indicates that the market's upward momentum is weakening, potentially leading to a reversal. Investors should stay alert for additional signs of a downturn.
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Stochastic chart for Honasa Consumer Limited


Tripple Moving Agerage: The 20, 50, and 100 moving averages for HONASA are aligned in a bearish pattern, suggesting a downtrend. However, the wavering slopes of the 20 and 50 SMAs indicate that the bearish momentum may be losing strength. This could be a sign that a bullish reversal is on the horizon, as the market's current downward trajectory begins to falter, potentially paving the way for a new uptrend.
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Tripple SMA chart for Honasa Consumer Limited


Understanding a company's fundamentals—such as revenue, earnings, and debt levels—provides a solid foundation for analyzing its technical performance. Similarly, knowledge of the industry, including key competitors and market trends, is critical. Combining this fundamental analysis with technical indicators like stock charts, moving averages, and trading volume enables a more comprehensive approach to evaluating the company's overall health and potential future performance.