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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 2024-02-05 View latest technical analysis

10 day averaged volume of Honda Siel is 9207

Date	Daily Closing Price	Open	High	Low	Volume
05 Mon Feb 2024	2332.70	2431.20	2431.20	2257.40	1.856 times
02 Fri Feb 2024	2407.15	2460.00	2462.95	2400.00	0.759 times
01 Thu Feb 2024	2451.10	2459.65	2475.00	2449.90	0.515 times
31 Wed Jan 2024	2449.90	2460.00	2472.35	2445.00	0.63 times
30 Tue Jan 2024	2452.35	2458.85	2494.00	2444.30	1.584 times
29 Mon Jan 2024	2449.05	2469.90	2470.00	2442.30	0.499 times
25 Thu Jan 2024	2449.55	2460.40	2460.40	2428.60	0.99 times
24 Wed Jan 2024	2448.15	2397.60	2459.00	2374.95	1.128 times
23 Tue Jan 2024	2414.90	2447.80	2459.00	2401.35	1.484 times
22 Mon Jan 2024	2435.60	2473.00	2474.95	2405.05	1.093 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 2354.4, but if it comes above 2354.4, then a intra day buy could be more profitable.
If you take a sell trade below 2354.4, then use 2354.4 as stoploss and 2293.2 as target. However if you take a buy trade in stock , then use 2354.4 as stoploss and 2405.36 as target.

Share price targets for Honda Siel (HONDAPOWER)

Target Type	Value
Downside Target	2257.40
Upside Target	2474.95
Upside Target	2475.00
Upside Target	2477.00
Upside Target	2494.00
Upside Target	2496.00
Upside Target	2582.55
Upside Target	3006.60
Upside Target	3136.15

Intraday share price targets for Honda Siel (HONDAPOWER)

Target Type	Value
Downside Intraday Target	2249.67
Downside Intraday Target	2166.63
Upside Intraday Target	2423.47
Upside Intraday Target	2514.23
Upside Intraday Target	2340.43

Weekly technical analysis of Honda Siel (HONDAPOWER)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Mon Feb 2024	2332.70	2431.20	2431.20	2257.40	0.466 times
02 Fri Feb 2024	2407.15	2469.90	2494.00	2400.00	0.849 times
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

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
05 Mon Feb 2024	2332.70	2459.65	2475.00	2257.40	0.109 times
31 Wed Jan 2024	2449.90	2370.00	2494.00	2314.00	0.996 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

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 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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 gaining momentum.

MACD generated a SELL signal for Honda Siel in short term and the sell signal is strong.

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 getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Honda Siel in short term and SELL signal is strong!

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 2419.93 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.