Stock analysis Honda Siel Power Products Limited HONDAPOWER

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Moving Averages for Honda Siel Power Products Limited

5Day Average: 2436.13
12Day Average: 2447.87
20Day Average: 2362.64
50Day Average: 2352.48
100Day Average: 2374.42
150Day Average: 2513.93
200Day Average: 2473.53

HONDAPOWER Indicators & signals

Indicator MACD (12,26,9)

2422.48, 2385.86, 27.71
Indicator MACD is in positive zone

Indicator ADX (14)

27.12, 30.53, 17.5
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 49
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
23 Tue Apr 2024	2456.00	2425.00 to 2502.00	-0.06%	0.59 times
22 Mon Apr 2024	2457.40	2416.00 to 2484.25	1.42%	0.29 times
19 Fri Apr 2024	2422.95	2384.05 to 2450.40	0.23%	0.33 times
18 Thu Apr 2024	2417.35	2406.00 to 2482.60	-0.4%	0.61 times
16 Tue Apr 2024	2426.95	2419.00 to 2447.30	0.11%	0.23 times
15 Mon Apr 2024	2424.25	2403.00 to 2475.40	-3.86%	1.05 times
12 Fri Apr 2024	2521.65	2485.00 to 2547.00	1.45%	1.27 times
10 Wed Apr 2024	2485.70	2434.10 to 2494.20	0.38%	0.58 times
09 Tue Apr 2024	2476.25	2461.05 to 2525.60	-1.52%	0.95 times
08 Mon Apr 2024	2514.40	2480.00 to 2578.90	2.32%	3.41 times
05 Fri Apr 2024	2457.45	2300.15 to 2498.50	6.2%	1.27 times
04 Thu Apr 2024	2314.05	2302.05 to 2345.00	0.05%	0.44 times

Technical analysis forecast of Honda Siel Power Products 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 Honda Siel Power Products Limited HONDAPOWER at this time. Stock is rising and might rise 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 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 Honda Siel Power Products Limited is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 2513.1 as stoploss in an intra day sell trade for a target of 2396.86. However, stock will show a bullish move above 2513.1.

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