HONAUT - IntraDay Trade Analysis

Last Updated Time : 02 Aug 25, 12:58 am

📊 Intraday Trade Rating: 2.9

Honeywell Automation India Ltd (HONAUT) shows a weak-to-neutral setup for intraday trading today. While the fundamentals are solid, technical indicators and price action suggest limited upside and potential volatility. Here's the full breakdown

📉 Technical Overview

RSI (41.9): Neutral zone, not indicating strong momentum.

MACD (-144): Deeply negative, signaling bearish pressure.

Volume (3K vs Avg 2.8K): Slightly above average, but still very low for intraday action.

Price below 50 DMA (38,940 ₹) and 200 DMA (39,538 ₹): Short-term and long-term bearish bias.

VWAP (approx 38,750 ₹): Price hovering just below VWAP, suggesting indecision.

📈 If You're Looking to Enter Today

Optimal Buy Price: Only consider entry above 38,760 ₹ with volume surge and MACD flattening.

Profit Target: 38,950–39,180 ₹ (minor resistance zones).

Stop Loss: 38,620 ₹ (recent support level).

🕒 If You're Already Holding Today

Exit Strategy

If price fails to reclaim VWAP (38,750 ₹), consider exiting.

If price drops below 38,620 ₹, bearish momentum may accelerate—exit to protect capital.

Watch for RSI rising above 45 or MACD crossover for signs of recovery.

🧠 Fundamental Highlights

Strong EPS (579 ₹) and low debt (D/E: 0.02) support long-term strength.

Quarterly PAT decline (-8.72%) and high PEG (4.29) suggest overvaluation.

FII interest rising (+0.16%), but DII trimming (-0.20%)—mixed institutional sentiment.

52w Index at 31.6%: Indicates the stock is far from its yearly high, reflecting weakness.

Would you like me to scan similar industrial automation stocks with stronger intraday setups? Or help you build a watchlist for next week’s trades?

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