HONAUT - Technical Analysis

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

Technical Rating: 3.0

Here’s a full technical breakdown of Honeywell Automation India Ltd (HONAUT)

📉 Trend Overview

Current Price: ₹38,725 is below both the 50 DMA (₹38,940) and 200 DMA (₹39,538), indicating a short-term downtrend.

Trend Status: The stock is reversing from its highs and currently in a weak consolidation phase.

📊 Momentum Indicators

RSI (41.9): In the neutral zone, leaning toward oversold. No strong momentum yet.

MACD (-144): Deeply negative, confirming bearish momentum and fading strength.

Volume: Current volume (3K) is in line with the 1-week average (2.87K), suggesting low participation and lack of conviction.

📈 Moving Averages

Indicator Value Signal

50 DMA ₹38,940 Price slightly below – Bearish

200 DMA ₹39,538 Price below – Bearish

📌 Support & Resistance Zones

Level Price (₹) Commentary

Support 1 ₹38,000 Minor support from recent lows

Support 2 ₹36,500 Historical support zone

Resistance 1 ₹39,000 Near 50 DMA – key resistance

Resistance 2 ₹41,000–₹42,000 Prior breakdown zone and psychological barrier

📍 Entry & Exit Zones

Optimal Entry: ₹38,000–₹38,500 (if RSI dips below 40 and MACD flattens)

Exit Target: ₹39,500–₹41,000 (if reversal confirms with RSI > 50 and MACD crossover)

📊 Bollinger Bands Insight

Price is likely near the lower band, suggesting oversold conditions and potential for a technical rebound.

Bands are moderately wide, indicating volatility.

🔍 Chart Pattern Insight

No clear bullish reversal pattern yet.

Price action suggests a retracement from the 52-week high of ₹55,408.

Watch for trendline resistance near ₹39,000.

🧭 Summary

Technical Bias: Bearish to Neutral

Momentum: Weak, nearing oversold

Trend: Reversing from highs

Suggested Strategy: Wait for confirmation of reversal before entering. Ideal for short-term swing if support holds and indicators improve.

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