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Price and trend forecast of HONAUT for Tomorrow, Weekly, Monthly

Honeywell Automation India Limited


ISIN: INE671A01010


As on 2024-04-12

34,649.15 (52W Low) 44,549.85 (52W High)

HONAUT's Today's Performance

Honeywell Automation India Limited started the day by opening at 43,043.00 today 2024-04-12. Its shares reached a high of 44,549.85 and dipped to a low of 43,043.00 in intraday. When the markets closed, HONAUT’s stock price settled at ₹44,292.25 per share. Also check out its key support and resistance levels.

HONAUT Buy/Sell Targets

Tomorrow, buy HONAUT when its price reaches ₹ 44,292.25 with a stop-loss order at ₹ 43,618.29. You can set the target price as ₹ 44,966.21 to capture potential gains. This buy position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.

In the sections below, we will discuss detailed share price target of HONAUT for tomorrow's session along with weekly support and resistance. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Resistance for HONAUT

Resistance Levels Value in ₹
Tomorrow Resistance 1 44,880
Tomorrow Resistance 2 45,469
Tomorrow Resistance 3 46,387

Important Supports for HONAUT

Support Levels Value in ₹
Tomorrow Support 1 43,374
Tomorrow Support 2 42,455
Tomorrow Support 3 41,867
Based on where the stock opens tomorrow, if HONAUT opens on a positive note, our first target will be ₹44,880. If Target 1 is achieved, we will aim for Target 2 which is ₹45,469.

But if HONAUT falls below the average value of ₹43,961.70, you can enter a sell side position with target number 1 - ₹43,374 and second target - ₹42,455 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.

Daily Volume chart of HONAUT

Looking at HONAUT, we've seen a Increasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.

In terms of its price, HONAUT has been on a Upward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for HONAUT is moderate bullish.

Tomorrow's Volume based share price Forecast for HONAUT

HONAUT's Volume is currently in a Increasing trend, and Price is in a Upward direction. Therefore, we can say the stock is in a moderate bullish trend. Volume trend strength over the last month compared to the last week is -17%.

Reversal detection for HONAUT

Predicted trend chart of HONAUT tomorrow for price forecast
HONAUT may trend may continue to be bullish since stock is making higher highs and we can get target of ₹43537 in morning tomorrow
Target 1 tomorrow44537
Target 2 tomorrow44893
Target 3 tomorrow45469

Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.

Combine this trend forecast with HONAUT's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.

Based on where the stock opens tomorrow, if HONAUT opens on a positive note, our first target will be ₹44,880.40. If Target 1 is achieved, we will aim for Target 2 which is ₹45,468.55.

But if HONAUT falls below the average value of ₹43,961.70, you can enter a sell side position with target number 1 - ₹43,373.55 and second target - ₹42,454.85

HONAUT's Weekly Targets
1st Up Target 45,289.73
2nd Up Target 46,287.22
1st Down Target 42,554.88
2nd Down Target 40,817.52

As the week for HONAUT ended on bullish sentiments, we can expect further continuation of this sentiment. HONAUT's initial target will be 45,289.73 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 42,554.88 in the upcoming week.

Weekly OHLC Values
Open 41,815.00
High 44,549.85
Low 41,815.00
Close 44,292.25

Week for HONAUT started with an open price of 41,815.00, and the close was at 44,292.25. HONAUT reached the highest of 44,549.85 and dipped lowest up to 41,815.00 last week. This indicates a bullish sentiment for the week.

HONAUT full month swing targets
Monthly Up Target 1 48,024.58
Monthly Up Target 2 49,022.07
Monthly Down Target 1 39,820.03
Monthly Down Target 2 35,347.82

Targets of ₹48,024.58 can be expected to be reached in the coming month. Once HONAUT achieved this target, we can aim for the next upside target of ₹49,022.07.

HONAUT if fails to hold upside, down targets of ₹39,820.03 and ₹35,347.82 can be achieved by end of this month.

For complete three weeks if HONAUT is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.

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HONAUT is expected to reach the target of 44,880.40 in tomorrow's trading session.

After achieving the initial target in HONAUT, we will aim for higher targets of 45,468.55 tomorrow.

However, if HONAUT starts to trade below ₹43,961.70, then we will shift our focus to the sell side and aim for down targets of 43,373.55 and 42,454.85.