HONDAPOWERHONDAPOWER
It's a concept used in technical analysis to identify potential support levels where buyers are likely to enter the market
HONDAPOWER trade ideas
Ready for shot
💚💚HONDAPOWER💚💚
The stock HONDAPOWER has formed a symmetrical triangle pattern following a significant upward move. This consolidation pattern typically indicates a potential continuation of the previous trend. Given the current formation, there are strong chances that the stock may experience another upward move upon breaking out of the triangle.
HONDA POWER 2935HONDA POWER ready for fresh move. Cup & handle breakout on this stock.
SL = 2400
Target = 2938
looking good on this price point. supported by awesome volume.
Don't lose more than your entry reason.
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.
HONDAPOWERNSE:HONDAPOWER
Reversal from bottom
Buying from last 4 days
Closing above 10 day SMA
support placed at 2350
Sl- 2300
Honda Power IndiaPrice has hits the edge of daily demand zone at 2301 - 2270 Level. This should be good to bounce price to Target 2700 level.
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%
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Disclaimer This is my trading experience, it is not an invite or recommendation to trade.
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PRABHUMAYAKANNAN
Honda PowerCMP 2869
Consistent increase in volume
Cup & Handle formation on weekly charts
Break out will trigger a quick up move of 10%
Looks bullish, Consistent HL and HH
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.
Breakout in HondapowerStrong breakout in hondapower buy now for target 2100
Fii has buying this stock upward movementom expected
Target and sl is mentioned in this stock
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.
HONDA POWER CMP 1108Looking good on charts.
On the verge of breakout and the trend showing that this time it will break and hit the target.
First Target 1350 2nd-1700+
Time Frame - 3 months/6 months.
Stop Loss: 1020
HONDA INDIA POWER CMP 1060It can rise 10-15% in quick time and touch resistance. If it crossed the resistance then we can see good targets.
SL: 960
Target: 1200+
Long Term Target: 1500/1800
Hondapower Stock uptrend from 266 Target 1800Beauty full Chart Stock in strong uptrend from 266 Level multi Breakout on Charts, Stock successfully retest the BOzone & Gap up opening today Confirm the strong bull run continue on Stock Target 1800
