HONEYWELL - Flat Q2 results
🔻The chart is self-explanatory as always.
Here are some pointers for easy understanding.
🔻 Current price at ₹45,490 is near 100 WEMA, acting as a potential strong support
🔻 The recent 7.85% drop is linked to weaker Q2 2024 results, with a decline in sales, EBITDA, net profit, and EPS.
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🔻 Price has fallen below the previous ATH of ₹50,000, making it a potential resistance on bounce back.
🔻 Price is testing the previous consolidation zone extreme after breaking out; it may serve as new support.
Disclaimer: This analysis is for educational purposes only and should not be considered as financial advice. All investments carry risk, and it’s important to conduct your own research or consult with a certified financial advisor before making any investment decisions. I do not provide buy, sell, or hold recommendations. Past performance is not indicative of future results.
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