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Stock analysis Honasa Consumer Limited HONASA

More indepth analysis on MunafaSutra.com

Moving Averages for Honasa Consumer Limited

  • 5Day Average: 429.04
  • 12Day Average: 407
  • 20Day Average: 406.46
  • 50Day Average: 406.4
  • 100Day Average: 422.64

HONASA Indicators & signals

Indicator MACD (12,26,9)

413.5, 407.06, 1.85
Indicator MACD is in positive zone

Indicator ADX (14)

35.39, 31.21, 14.89
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 54
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of HONASA Honasa Consumer Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
29 Mon Apr 2024 427.65 421.20 to 443.20 -0.24% 0.37 times
26 Fri Apr 2024 428.70 419.50 to 430.50 1.23% 0.2 times
25 Thu Apr 2024 423.50 420.00 to 430.90 -0.97% 0.2 times
24 Wed Apr 2024 427.65 424.00 to 438.65 -2.3% 0.56 times
23 Tue Apr 2024 437.70 411.95 to 446.40 8.18% 5.44 times
22 Mon Apr 2024 404.60 390.00 to 406.00 4.47% 0.57 times
19 Fri Apr 2024 387.30 374.75 to 392.00 1.14% 0.37 times
18 Thu Apr 2024 382.95 378.55 to 387.95 0.74% 0.43 times
16 Tue Apr 2024 380.15 374.85 to 393.85 -3.8% 1.97 times
15 Mon Apr 2024 395.15 385.35 to 398.55 -0.62% 0.13 times
12 Fri Apr 2024 397.60 392.00 to 399.90 1.66% 0.13 times
10 Wed Apr 2024 391.10 389.20 to 400.50 -2.15% 0.29 times

Technical analysis forecast of Honasa Consumer Limited Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Honasa Consumer Limited HONASA at this time. Stock is rising and might rise more.

It appears as if Honasa Consumer Limited HONASA gave a large move recently.

Stock of Honasa Consumer Limited (HONASA) is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

My analysis of Honasa Consumer Limited is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if Honasa Consumer Limited stays above 424.1, but if it comes below 424.1, then a intra day sell could be more profitable.
If you take a sell trade below 424.1, then use 424.1 as stoploss and 408.35 as target. However if you take a buy trade in Honasa Consumer Limited, then use 424.1 as stoploss and 442.9 as target.

More indepth analysis on MunafaSutra.com