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Technicals for Honasa Consumer Limited
By MusingTheNews
2025-06-13 20:38
Overall Technical outlook
Price Summary
On 2025-06-12, Honasa Consumer Limited's stock opened at 317.0, peaked at 319.3, hit a low of 310.2, and closed -1.29% down at 312.9, with 341140 shares changing hands. During the 52-week span, the stock hit a high of 541.75 and a low of 200.89. Based on recommendations from 12 analysts, the future price of HONASA is expected to range from 180.0 to 400.0, with an average price expectation around 282.83334.
Technicals
Support and Resistance: The current price for HONASA is 312.9, supported at 309.7 with resistance at 329.25. This indicates a trading range where 309.7 might prevent further declines, while 329.25 could hinder additional gains. Support/Resistance for HONASA
Aroon: The current reading of the AROON is neutral for HONASA, with no clear signals for an upward or downward trend. This indicates that the market may be in a state of uncertainty, with no dominant force driving the direction. Aroon chart for Honasa Consumer Limited
Bol. Bands: The current state of the BOLL BANDS is neutral, providing no clear signals for either an upward or downward movement. This indicates that the market may be in a state of equilibrium, with no strong momentum in either direction. Bolinger Bands chart for Honasa Consumer Limited
Parabolic SAR: The PSAR has recently moved from bullish to bearish, indicating a possible market decline. If this reversal aligns with other market trends, it could be a very bearish signal for HONASA. Investors should be vigilant and look for additional confirmation before making decisions. Parabolic Stop and Reverse chart for Honasa Consumer Limited
Stochastic: The STOCHASTIC is showing a neutral stance, with no definitive indication of an upward or downward trend for HONASA. This neutral position suggests a period of indecision in the market, making it difficult to predict the next move. Stochastic chart for Honasa Consumer Limited
Tripple Moving Agerage: The 20, 50, and 100 moving averages are currently aligned bearishly, pointing to a downtrend. However, the slopes of the 20 and 50 SMAs are showing signs of wavering, suggesting that this bearish momentum may be weakening. This could indicate that a bullish reversal is imminent, with the market potentially shifting from its current downward trend to a more positive, upward trajectory. Tripple SMA chart for Honasa Consumer Limited
To make the most of a company's technical analysis, it's important to start with an understanding of its fundamentals. These include profitability, cash flow, and competitive positioning. Additionally, the industry in which the company operates plays a critical role, as trends and external factors can influence its market performance. By considering both the company's internal fundamentals and the external industry environment, more meaningful and accurate conclusions can be drawn from the technical data.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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