Honeywell Automation – Technical Snapshot

Honeywell Automation – Technical Snapshot (Educational Purpose Only | SEBI Reg. INH000019886) 🔹 Structure: Sharp fall after breakdown; price now consolidating near lower Bollinger band. 🔹 Price Behaviour: Repeated attempts to bounce are failing near the 20-EMA — indicating weak momentum. However, candles show short-term buying support near ₹34,400. 🔹 Momentum Indicators: Still bearish but flattening — early signs of stabilization, not confirmed reversal. 🔹 Key Levels: Support: ₹34,450 / ₹34,000 Resistance: ₹35,700 → ₹36,000 (major barrier) 🔹 If price sustains above ₹35,700: T1: ₹36,300 T2: ₹36,800+ 🔹 View: Stock is in a downtrend consolidation. Bias stays weak until it gives a breakout above the 20-EMA zone (₹35,700+). ⚠️ For educational purposes only.