HONAUT - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 4.0
| Stock Code | HONAUT | Market Cap | 31,973 Cr. | Current Price | 36,124 ₹ | High / Low | 41,600 ₹ |
| Stock P/E | 59.9 | Book Value | 5,047 ₹ | Dividend Yield | 0.29 % | ROCE | 16.8 % |
| ROE | 12.6 % | Face Value | 10.0 ₹ | DMA 50 | 31,096 ₹ | DMA 200 | 33,240 ₹ |
| Chg in FII Hold | 0.28 % | Chg in DII Hold | -0.25 % | PAT Qtr | 160 Cr. | PAT Prev Qtr | 129 Cr. |
| RSI | 71.5 | MACD | 1,253 | Volume | 12,349 | Avg Vol 1Wk | 64,489 |
| Low price | 26,220 ₹ | High price | 41,600 ₹ | PEG Ratio | 8.78 | Debt to equity | 0.02 |
| 52w Index | 64.4 % | Qtr Profit Var | 14.6 % | EPS | 594 ₹ | Industry PE | 31.8 |
📈 Chart Patterns: HONAUT is trading near its short-term resistance zone (₹36,124–₹36,500). The broader structure shows strong recovery from lows (₹26,220), with price action forming higher highs but capped by resistance at ₹41,600.
📊 Moving Averages: Current price (₹36,124) is well above DMA 50 (₹31,096) and DMA 200 (₹33,240), confirming bullish momentum.
📉 RSI: At 71.5, RSI is overbought, suggesting caution for short-term traders.
📈 MACD: Strongly positive at 1,253, showing bullish crossover and continuation of upward momentum.
📉 Bollinger Bands: Price is hugging the upper band, reflecting strong bullish momentum but risk of short-term pullback.
📊 Volume Trends: Current volume (12.3K) is significantly below average weekly volume (64.5K), showing weak participation despite price strength.
⚡ Short-Term Momentum Signals: Bullish bias with high momentum; breakout possible if price sustains above ₹36,500 with stronger volume.
🎯 Entry Zone: ₹34,500–₹36,000 (support region).
🎯 Exit Zone: ₹40,500–₹41,600 (resistance zone).
🔀 Trend Status: Trending upward with bullish undertone; consolidation possible near resistance due to overbought RSI.
Positive
- Strong ROCE (16.8%) and ROE (12.6%) highlight operational efficiency.
- EPS at ₹594 supports earnings visibility.
- Quarterly PAT improved from ₹129 Cr. to ₹160 Cr. (+14.6%).
- Price trading above both DMA 50 and DMA 200 confirms bullish trend.
- FII holdings increased (+0.28%), showing foreign investor confidence.
Limitation
- Dividend yield at 0.29% is modest.
- High P/E ratio (59.9) compared to industry PE (31.8) indicates premium valuation.
- PEG ratio at 8.78 suggests overvaluation relative to growth.
- Volume participation weaker than average, limiting breakout conviction.
- DII holdings decreased (-0.25%), showing reduced domestic support.
Company Negative News
- Decline in DII holdings (-0.25%).
- Overbought RSI signals potential short-term correction.
- Weak trading volumes despite bullish technical setup.
Company Positive News
- Quarterly profit growth (+14.6%) boosts investor sentiment.
- EPS remains strong at ₹594.
- FII stake increased, supporting bullish outlook.
- Stock trading near 52-week high reflects strong momentum.
Industry
- Industry PE at 31.8 vs. HONAUT PE at 59.9 shows premium valuation.
- Automation and industrial technology sector remains competitive with global demand supporting long-term growth.
Conclusion
HONAUT is trending upward with strong bullish undertones. Short-term traders may consider entry around ₹34,500–₹36,000 with exit near ₹40,500–₹41,600. Long-term investors should monitor valuation risks and weak volume participation before fresh accumulation.
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