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HONDA I POWER PRODUCT LTDHONDA I POWER PRODUCT LTDHONDA I POWER PRODUCT LTD

HONDA I POWER PRODUCT LTD

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HONDAPOWER trade ideas

In-Depth Analysis of HONDAPOWER (NSE: HONDAPOWER)Technical Overview: 1. Support at Rising Trendline: The weekly chart of HONDAPOWER indicates a notable technical setup where the price has found support at a rising trendline. This suggests that there is buying interest at this trendline, signifying a potential reversal or continuation of the upward trend. 2. Bullish Divergence on Weekly Chart: The presence of bullish divergence enhances the bullish outlook. Bullish divergence occurs when the price forms lower lows while the relative strength index (RSI) forms higher lows. This disparity suggests a potential shift in momentum favoring the bulls. 3. Gaining Momentum: The observation of gaining momentum aligns with the bullish divergence and rising trendline support. An increase in momentum could signify renewed buying interest and the possibility of an upward price movement. Trade Execution Strategy: 1. Entry: Consider entering a long position at the current market price (CMP) of 2435. This entry aligns with the technical observations of the rising trendline support and bullish divergence. 2. Stop Loss Placement: Set a stop loss at 2290 to manage risks effectively. This level is strategically chosen to allow for potential price fluctuations while providing a safeguard against adverse market movements. 3. Target Setting: Set a target of 2624. This target is identified based on the expected continuation of the upward trend, considering the technical factors supporting the bullish outlook. Risk Factors and Considerations: 1. Confirmation of Trend Reversal: While the technical setup is favorable, always await confirmation of a trend reversal or continuation. Ensure that there is sustained bullish momentum before fully committing to the trade. 2. Market Conditions: Be mindful of overall market conditions and potential external factors that could impact the stock or broader market sentiment. 3. Continuous Monitoring: Regularly monitor the trade for any changes in the technical setup or unforeseen market developments. Be prepared to adjust the strategy based on evolving conditions. Conclusion: HONDAPOWER presents a compelling technical setup with support at a rising trendline and bullish divergence. The trade is initiated with a comprehensive risk management strategy, acknowledging potential risks and uncertainties. Confirmatory price action is key to validating the bullish scenario. Continuous monitoring and adaptability are crucial for a well-informed and dynamic trading approach.
NSE:HONDAPOWERLong
by yaashul
4
BUY HONDAPOWER PRICE @2350 ROI 33% EXPECTEDBUY HONDAPOWER PRICE @2350 ROI 33% EXPECTED Buy1 cmp entry @2350 Target 1 @3136 ROI 1 @ 33% Buy2 Pending entry @ 1571 Target 2 @3136 ROI 2 @ 99% Our Unique Features ————————————————————— 1. Follow our 10 signals ….10% equity will increase in your account for sure. 2. We are not Trailing stop! or average the trades. 3. 1% Risk Management Per trade. 4. Risk vs Reward up to 25. Note Please leave comments for any query. Disclaimer This is my trading experience, it is not an invite or recommendation to trade. Best Wishes PRABHUMAYAKANNAN
NSE:HONDAPOWERLong
by PRABU-MAYAKANNAN
Honda India Power: Symmetrical Triangle BreakoutCMP: INR 2336 | Industry: Capital Goods P/E: 22 | Industry P/E: 38.4|ROE: 13.7% | ROCE: 18.8% |BV: INR 726 | EPS: INR 96| MCAP: 2369 Cr. Aggressive Entry: 2,336 | Resistance Levels: 2,712 | 2,947| 3,220| 4,204 Stop Loss: 2065 Confirmation entry levels: 2,512 | CCI: 66 | EMA (9d): 2,225 | S. RSI: 32 Analysis: Honda Power has been in the formation of a symmetrical triangle pattern since October 2022. It has rejected to break out from a declining trendline twice previously. This time stock seems to be in strong momentum with a similar pattern formation on the momentum indicator too. If the stock closes above 2,512 entries can be taken for the nearest breakout levels of 2,712 2,947, 3,220 and a long-term target of 4,204. In case of pattern failure stop stands at close below 2,065.
NSE:HONDAPOWERLong
by chandakpulkit
If Honda is able to clear the final resistance, it can bloom.Honda Inda Power is a company with Zero debt and Zero promoter pledge. It has also seen MFs and FIIs increasing their stake recently. It is seeing a rising net cash flow. X/2 Entry can be taken above 1292 closing. The second X/2 entry can be taken above 1316 closing. Targets will be 1368 and 1423. A stop loss should be maintained at closing below 1120. If we get a closing above 1451 the stock has potential to go to 1510+ levels.
NSE:HONDAPOWERLong
by Happy_Candles_Investment