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(HONDAPOWER) Honda Siel complete technical analysis [charts+indicators] | Buy/Sell Honda Siel | (HONDAPOWER) share price targets

Complete technical analysis of Honda Siel (HONDAPOWER) by charts plus indicators, forecast predictions and share price targets for Honda Siel (HONDAPOWER)

Honda Siel trades in NSE in Industrial Machinery sector.

Showing technical analysis as on 2024-01-12 View latest technical analysis

10 day averaged volume of Honda Siel is 8424

Date	Daily Closing Price	Open	High	Low	Volume
12 Fri Jan 2024	2339.90	2337.75	2345.80	2326.10	0.358 times
11 Thu Jan 2024	2326.10	2340.00	2340.00	2320.00	0.42 times
10 Wed Jan 2024	2319.75	2323.50	2341.15	2315.00	0.808 times
09 Tue Jan 2024	2323.50	2399.50	2400.00	2314.00	2.766 times
08 Mon Jan 2024	2387.60	2419.95	2441.25	2383.00	1.069 times
05 Fri Jan 2024	2409.90	2409.15	2427.15	2393.90	0.665 times
04 Thu Jan 2024	2397.15	2385.00	2420.60	2379.05	0.96 times
03 Wed Jan 2024	2373.90	2368.35	2389.45	2351.35	0.672 times
02 Tue Jan 2024	2368.35	2365.00	2381.70	2340.00	1.077 times
01 Mon Jan 2024	2377.70	2370.00	2388.80	2345.60	1.038 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 2345.2, but if it comes above 2345.2, then a intra day buy could be more profitable.
If you take a sell trade below 2345.2, then use 2345.2 as stoploss and 2309 as target. However if you take a buy trade in stock , then use 2345.2 as stoploss and 2375.35 as target.

Share price targets for Honda Siel (HONDAPOWER)

Target Type	Value
Downside Target	2300.00
Upside Target	2441.25
Upside Target	2448.30
Upside Target	2496.00
Upside Target	2582.55
Upside Target	2600.20
Upside Target	2944.00
Upside Target	3006.60
Upside Target	3136.15

Intraday share price targets for Honda Siel (HONDAPOWER)

Target Type	Value
Downside Intraday Target	2288.85
Downside Intraday Target	2237.8
Upside Intraday Target	2416.1
Upside Intraday Target	2492.3
Upside Intraday Target	2365.05

Weekly technical analysis of Honda Siel (HONDAPOWER)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Fri Jan 2024	2339.90	2419.95	2441.25	2314.00	1.228 times
05 Fri Jan 2024	2409.90	2370.00	2427.15	2340.00	2.174 times
29 Fri Dec 2023	2390.55	2383.10	2409.95	2360.00	0.468 times
22 Fri Dec 2023	2371.20	2427.00	2448.30	2313.20	0.498 times
15 Fri Dec 2023	2404.90	2496.00	2496.00	2380.00	0.789 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Honda Siel (HONDAPOWER)

Date	Monthly Closing Price	Open	High	Low	Volume
12 Fri Jan 2024	2339.90	2370.00	2441.25	2314.00	0.312 times
29 Fri Dec 2023	2390.55	2433.00	2496.00	2300.00	1.111 times
30 Thu Nov 2023	2406.50	2915.00	3006.60	2400.00	0.682 times
31 Tue Oct 2023	2874.90	2850.00	3136.15	2582.55	1.203 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Honda Siel (HONDAPOWER)

Price action analysis of Honda Siel ( (HONDAPOWER) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Honda Siel ( (HONDAPOWER) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Honda Siel ( (HONDAPOWER) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Honda Siel stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a BUY signal for Honda Siel in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Honda Siel Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Honda Siel in short term but BUY signal is weak.

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Honda Siel is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 2357.98 and Honda Siel (HONDAPOWER) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Honda Siel (HONDAPOWER) stock. Volume based technical analysis of Honda Siel (HONDAPOWER) stock is negative.

Honda Siel Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.