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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 2024-01-16 View latest technical analysis

10 day averaged volume of Honda Siel is 8417

Date	Daily Closing Price	Open	High	Low	Volume
16 Tue Jan 2024	2400.65	2360.00	2477.00	2350.00	5.257 times
15 Mon Jan 2024	2361.15	2345.90	2385.95	2345.90	1.197 times
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	2.769 times
08 Mon Jan 2024	2387.60	2419.95	2441.25	2383.00	1.07 times
05 Fri Jan 2024	2409.90	2409.15	2427.15	2393.90	0.666 times
04 Thu Jan 2024	2397.15	2385.00	2420.60	2379.05	0.961 times
03 Wed Jan 2024	2373.90	2368.35	2389.45	2351.35	0.673 times

Stock of Honda Siel (HONDAPOWER) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 2399.3, but if it comes below 2399.3, then a intra day sell could be more profitable.
If you take a sell trade below 2399.3, then use 2399.3 as stoploss and 2371.78 as target. However if you take a buy trade in stock , then use 2399.3 as stoploss and 2432.3 as target.

Share price targets for Honda Siel (HONDAPOWER)

Target Type	Value
Downside Target	2300.00
Upside Target	2448.30
Upside Target	2477.00
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	2338.7
Downside Intraday Target	2276.75
Upside Intraday Target	2469.8
Upside Intraday Target	2538.95
Upside Intraday Target	2407.85

Weekly technical analysis of Honda Siel (HONDAPOWER)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Tue Jan 2024	2400.65	2345.90	2477.00	2345.90	1.19 times
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

Price has moved up 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
16 Tue Jan 2024	2400.65	2370.00	2477.00	2314.00	0.516 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 up 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Honda Siel ( (HONDAPOWER) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Honda Siel ( (HONDAPOWER) ) based on a short to mid term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 BUY. Signal strength is Strong and stock is gaining 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!

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

CCI has generated a buy signal for Honda Siel in short term and BUY signal is strong.

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 2371.84 and Honda Siel (HONDAPOWER) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

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 is giving positive returns over a short term period. Returns for a longer term period have been positive

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