Stock analysis Honda Siel Power Products Limited HONDAPOWER

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Moving Averages for Honda Siel Power Products Limited

5Day Average: 3018.12
12Day Average: 3091.67
20Day Average: 3123.28
50Day Average: 3450.1
100Day Average: 3640.03
150Day Average: 3607.18
200Day Average: 3307.34

HONDAPOWER Indicators & signals

Indicator MACD (12,26,9)

3073.59, 3186.64, -116.07
Indicator MACD is in negative zone

Indicator ADX (14)

35.64, 12.69, 26.74
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 41
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of HONDAPOWER Honda Siel Power Products Limited are as follows: Daily volume is divided by 10 day averaged volume

Date	Close	Range	Change %	Volume
20 Fri Dec 2024	2915.75	2903.95 to 3061.75	-4.59%	1.03 times
19 Thu Dec 2024	3056.10	2972.55 to 3066.00	0.77%	0.68 times
18 Wed Dec 2024	3032.65	3022.00 to 3082.45	0%	0.47 times
18 Wed Dec 2024	3032.65	3022.00 to 3082.45	-0.68%	0.47 times
17 Tue Dec 2024	3053.45	3035.00 to 3089.55	-0.4%	0.75 times
16 Mon Dec 2024	3065.75	3050.00 to 3148.50	-1.37%	0.95 times
13 Fri Dec 2024	3108.40	3055.00 to 3141.70	-1.27%	0.85 times
12 Thu Dec 2024	3148.35	3128.45 to 3207.00	-0.67%	1.01 times
11 Wed Dec 2024	3169.45	3152.50 to 3260.00	-0.59%	2.17 times
10 Tue Dec 2024	3188.25	3155.00 to 3220.80	0.52%	0.89 times
09 Mon Dec 2024	3171.85	3143.90 to 3249.85	0.46%	1.76 times
06 Fri Dec 2024	3157.40	3125.20 to 3199.15	-0.79%	1.92 times

Technical analysis forecast for Honda Siel Power Products Limited Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Honda Siel Power Products Limited HONDAPOWER at this time. Stock is falling and might fall more.

It appears as if Honda Siel Power Products Limited HONDAPOWER gave a large move recently.

Stock of Honda Siel Power Products Limited (HONDAPOWER) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

Although my analysis for Honda Siel Power Products Limited is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 2953.6, for a target of 3053.2 or 3136.28

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