CMP: 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.
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.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.