14-day Premium Trial Subscription Try For FreeTry Free
RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of HONDAPOWER.BO
Powered by GPT-4o
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

Big movements in Honda Siel Power Products Limited stock price on Friday moving 11.09% between high and low
(Updated on Jun 14, 2024)

Buy or Hold candidate since Jun 06, 2024 Gain 31.19% PDF

The Honda Siel Power Products Limited stock price gained 7.29% on the last trading day (Friday, 14th Jun 2024), rising from ₹3,124.45 to ₹3,352.20. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 11.09% from a day low at ₹3,119.95 to a day high of ₹3,466.05. The price has risen in 7 of the last 10 days and is up by 25.65% over the past 2 weeks. Volume fell on the last day by -10 thousand shares and in total, 13 thousand shares were bought and sold for approximately ₹44.25 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock has broken the wide and strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at ₹3,035.69, a level that may pose a second chance to hit a runner. According to fan-theory ₹3,534.72 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

HONDAPOWER.BO Signals & Forecast

The Honda Siel Power Products Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at ₹2,811.62 and ₹2,577.37. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 04, 2024, and so far it has risen 36.37%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

Support, Risk & Stop-loss for Honda Siel Power Products Limited stock

On the downside, the stock finds support just below today's level from accumulated volume at ₹3,124.45 and ₹2,810.40. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Honda Siel Power Products Limited finds support just below today's level at ₹3,124.45. If this is broken, then the next support from accumulated volume will be at ₹2,810.40 and ₹2,541.60.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved ₹346.10 between high and low, or 11.09%. For the last week, the stock has had daily average volatility of 8.07%.

The Honda Siel Power Products Limited stock is extremely overbought on RSI14 (82). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.

Our recommended stop-loss: ₹3,189.28 (-4.86%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 82 and this increases the risk substantially. There is a buy signal from a pivot bottom found 20 days ago.)

Trading Expectations (HONDAPOWER.BO) For The Upcoming Trading Day Of Tuesday 18th

For the upcoming trading day on Tuesday, 18th we expect Honda Siel Power Products Limited to open at ₹3,312.73, and during the day (based on 14 day Average True Range), to move between ₹3,204.78 and ₹3,499.62, which gives a possible trading interval of +/-₹147.42 (+/-4.40%) up or down from last closing price. If Honda Siel Power Products Limited takes out the full calculated possible swing range there will be an estimated 8.80% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ ₹3,124.45, some ₹227.75 (6.79%) from the current price of ₹3,352.20, our system finds the risk reward attractive.

Is Honda Siel Power Products Limited stock A Buy?

Honda Siel Power Products Limited holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.000 Hold/Accumulate Unchanged

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Honda Siel Power Products Limited of Tuesday, June 18, 2024

Fair opening price June 18, 2024 Current price
₹3,312.73 ( 1.18%) ₹3,352.20

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for HONDAPOWER.BO

Fibonacci Support & Resistance Levels

Level Price
R3 3,658.83 9.15%
R2 3,526.62 5.20%
R1 3,444.94 2.77%
Price 3,352.20
S1 3,180.52 -5.12%
S2 3,098.84 -7.56%
S3 2,966.63 -11.50%

Accumulated Volume Support & Resistance Levels

Level Price
R3 0 -
R2 0 -
R1 0 -
Price 3,352.20
S1 3,124.45 -6.79%
S2 2,810.40 -16.16%
S3 2,541.60 -24.18%

HONDAPOWER Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Aug 03, 2023 Aug 03, 2023 Sep 05, 2023 ₹16.50 0.595%
2 Jul 27, 2017 Jul 27, 2017 Sep 01, 2017 ₹7.50 0.523%
3 Aug 03, 2016 Aug 03, 2016 Aug 03, 2016 ₹6.00 0.496%
4 Aug 04, 2015 Aug 04, 2015 Aug 04, 2015 ₹6.00 0.410%
5 Jul 24, 2014 Jul 24, 2014 Jul 24, 2014 ₹4.00 0.392%

FAQ

What is the symbol for Honda Siel Power Products Limited Stock and on which exchange is it traded?
The symbol for Honda Siel Power Products Limited is HONDAPOWER.BO and it is traded on the XBOM (Bombay Stock Exchange).

Should I buy or sell Honda Siel Power Products Limited Stock?
Honda Siel Power Products Limited holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

How to buy Honda Siel Power Products Limited Stock?
Honda Siel Power Products Limited Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Honda Siel Power Products Limited Stock.

What's the current price of Honda Siel Power Products Limited Stock?
As of the end of day on the Jun 14, 2024, the price of an Honda Siel Power Products Limited (HONDAPOWER.BO) share was ₹3,352.20.

What is the 52-week high and low for Honda Siel Power Products Limited Stock?
The 52-week high for Honda Siel Power Products Limited Stock is ₹3,466.05 and the 52-week low is ₹2,105.00.

What is the market capitalization of Honda Siel Power Products Limited Stock?
As of the Jun 14, 2024, the market capitalization of Honda Siel Power Products Limited is 33.991B.

When is the next earnings date for Honda Siel Power Products Limited?
The upcoming earnings date for Honda Siel Power Products Limited is Aug 08, 2024.
Click to get the best stock tips daily for free!