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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 2024-01-25 View latest technical analysis

10 day averaged volume of Honda Siel is 15444

Date	Daily Closing Price	Open	High	Low	Volume
25 Thu Jan 2024	2449.55	2460.40	2460.40	2428.60	0.59 times
24 Wed Jan 2024	2448.15	2397.60	2459.00	2374.95	0.673 times
23 Tue Jan 2024	2414.90	2447.80	2459.00	2401.35	0.885 times
22 Mon Jan 2024	2435.60	2473.00	2474.95	2405.05	0.652 times
19 Fri Jan 2024	2459.20	2450.00	2473.00	2446.65	0.786 times
18 Thu Jan 2024	2453.95	2468.00	2468.00	2422.60	1.274 times
17 Wed Jan 2024	2444.85	2403.00	2460.00	2400.00	1.789 times
16 Tue Jan 2024	2400.65	2360.00	2477.00	2350.00	2.865 times
15 Mon Jan 2024	2361.15	2345.90	2385.95	2345.90	0.653 times
12 Fri Jan 2024	2339.90	2337.75	2345.80	2326.10	0.195 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 2438.5, but if it comes below 2438.5, then a intra day sell could be more profitable.
If you take a sell trade below 2438.5, then use 2438.5 as stoploss and 2394.12 as target. However if you take a buy trade in stock , then use 2438.5 as stoploss and 2491.8 as target.

Share price targets for Honda Siel (HONDAPOWER)

Target Type	Value
Downside Target	2300.00
Upside Target	2474.95
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	2391.35
Downside Intraday Target	2333.15
Upside Intraday Target	2491.35
Upside Intraday Target	2533.15
Downside Intraday Target	2433.15

Weekly technical analysis of Honda Siel (HONDAPOWER)

Date	Weekly Closing Price	Open	High	Low	Volume
25 Thu Jan 2024	2449.55	2473.00	2474.95	2374.95	0.38 times
19 Fri Jan 2024	2459.20	2345.90	2477.00	2345.90	2.492 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

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
25 Thu Jan 2024	2449.55	2370.00	2477.00	2314.00	0.902 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 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 term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Honda Siel ( (HONDAPOWER) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the 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 Weak 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 HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

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 and selling is picking up momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 2424.93 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.