Get started
HONASA CONSUMER LTDHONASA CONSUMER LTDHONASA CONSUMER LTD

HONASA CONSUMER LTD

No trades
See on Supercharts
Overview Financials News
Ideas
Discussions Technicals Forecast Seasonals

HONASA trade ideas

Technical Analysis of HONASA Consumer LtdTechnical Analysis of HONASA Consumer Ltd Overview of the stock - The chart provides a 1-hour timeframe analysis of HONASA Consumer Ltd (HONASA) on the NSE. Key Observations during the Technical Analysis of the stock Price Action: - The stock is currently trading within a consolidation zone between 457.90 and 477.10. There's an immediate resistance level at 457.90. A breakout above this level could potentially lead to further upside. Analysis based on Technical Indicators: EMA (200, high): The 200-period Exponential Moving Average (EMA) is at 454.09, providing some support. RSI (14, high): The Relative Strength Index (RSI) is at 41.56, indicating the stock is oversold. This could be a potential buying opportunity if the price starts to rebound. Potential Trading Ideas based on Breakout Strategy: - Monitor the price action around the 457.90 resistance level. A decisive break above this level with increased volume could signal a bullish trend. Consider buying with a stop-loss below the breakout level. Pullback Strategy: Given the oversold RSI, a potential pullback towards the 450-455 range could be a buying opportunity. Set a stop-loss below the support level. Remember to use appropriate risk management techniques, such as stop-loss orders, to protect your capital. Disclaimer: This analysis is based solely on the technical analysis of the stock and does not constitute financial advice. It's crucial to conduct thorough research and consider multiple factors before making investment decisions. Do your own research before buying this stock Thanks for your support as always
NSE:HONASALong
by ForexTrader4all
HONASA: Ascending Triangle Breakout with volumesAfter all the love I received on the NBCC chart, here I bring another very similar chart from the consumption sector. As I see that the consumption sector is now the one to be watched out, it is better to place our bets there. These are some points to note: 1. The base formation that absorbed all the supply from 5 months. 2. Price trading in higher-highs and higher-lows formation from April. 3. Breakout candle is great in size with big volumes. Volume support has been good on green days.
NSE:HONASALong
by NandanChaturvediTrade
Honasa Can Zoomed upto 680 -50% upside move awaited ### Swing Trading Alert Recommendation: Honasa Consumer Ltd (HONASA) #### Trade Setup: - **Current Price (CMP):** 449 - **Entry Range:** Confirm entry upon a successful breakout above 460. - **Target Price:** 680 - **Stop Loss:** Below 400 on a weekly closing basis #### Analysis: Honasa Consumer Ltd is showing potential for a range breakout. If the price breaks above the 460 resistance level, it indicates a bullish trend, suggesting a move towards the 680 target. Ensure to place a stop loss below 400, based on weekly closing, to manage risk. #### Disclaimer: This trading alert is for informational purposes only and does not constitute financial advice. Trading stocks involves significant risk and may not be suitable for all investors. It is essential to conduct your own research and consult with a financial advisor before making any trading decisions. Only trade with capital that you can afford to lose, and ensure you understand the risks associated with stock trading. The author is not responsible for any losses incurred from following this recommendation.
NSE:HONASALong
by TRADERSMONK07
HONASA : A Mentor in the Stock MarketChoose the Right Stock Market Mentor! 1️⃣ Profession: Seek qualifications like SEBI RA, CA, CFA, etc. ("NISM Certified" is just stupid IMO🤦‍♂️) 2️⃣ Experience: Opt for mentors with at least 5 years in financial markets 3️⃣ Demo: Follow their work for at least 3 months. Cross-check Chart Analysis, Fundamental insights, and their regular updates 4️⃣ Fair Pricing: Quality comes at a reasonable cost. Avoid cheap courses - they lack substance 5️⃣ No Pre-recorded Courses: Recorded courses may offer theoretical knowledge but that could be outdated. Practical application is mastered only through personal mentorship 6️⃣ Class Size: You will have doubts, and they need to be addressed in time. Choose mentors with not more than 20 students per batch Did I miss anything❓ 🎯These are my personal Opinions. you may have a different approach which is perfectly okay.
NSE:HONASA
by TheChartereds