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Technicals for Honeywell Automation India Limited
By MusingTheNews
2025-05-30 20:39
Overall Technical outlook
Price Summary
The stock of Honeywell Automation India Limited experienced a 2.43% rise, showcasing a remarkable market performance. On 2025-05-29, HONAUT's stock opened at 37900.0, reached a peak of 39930.0, dropped to 37895.0, and ended 2.43% up at 38820.0, with a volume of 9487 shares. The stock's highest price over the 52-week span is 58628.1, while the lowest price is 32649.8. As per recommendations from 7 analysts, HONAUT's future price is expected to span between 33650.0 and 60800.0, with a mean price around 44406.855.
Technicals
Support and Resistance: The current price is 38820.0, with support at 33389.55 and resistance at 39024.3. This range suggests that the price might move between these levels, with 33389.55 offering support and 39024.3 capping further gains for Honeywell Automation India Limited. Support/Resistance for HONAUT
Aroon: AROON is signaling a continued bullish trend, as the Aroon Up has increased and the Aroon Oscillator remains elevated. This combination suggests that the upward price trend is likely to persist. The high Aroon Oscillator level reinforces the expectation of ongoing bullish momentum, indicating that the market will likely maintain its upward trajectory. Aroon chart for Honeywell Automation India Limited
Bol. Bands: The BOLL BANDS is in a neutral stance, with no clear signals for movement up or down. This neutral position indicates a potential period of consolidation or uncertainty in the market. Bolinger Bands chart for Honeywell Automation India Limited
Parabolic SAR: The PSAR has just shifted from bearish to bullish, hinting at a potential upward trend. If this change is supported by other indicators, it could signal a strong bullish trend. Investors should watch for additional confirmation before fully committing to this potential market opportunity. Parabolic Stop and Reverse chart for Honeywell Automation India Limited
Stochastic: The STOCHASTIC is neutral, showing no definitive signals of a trend either upward or downward. This neutral stance indicates a period of market indecision, where the direction is unclear. Stochastic chart for Honeywell Automation India Limited
Tripple Moving Agerage: The Tripple MOVING AVG is currently neutral, showing no clear bias toward a rising or falling trend. This lack of directional clarity suggests that the market may be in a holding pattern, awaiting further developments. Tripple SMA chart for Honeywell Automation India Limited
The technical analysis of a company's stock performance is valuable, but only when considered in conjunction with the company's fundamentals. These fundamentals, including financial strength, earnings growth, and leadership, provide a foundation for understanding market movements. Additionally, industry trends and competitive pressures play an important role. By integrating both fundamental and technical analysis, one can better evaluate the company's true potential and make more informed investment decisions.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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