Honasa Can Zoomed upto 680 -50% upside move awaited
### Swing Trading Alert Recommendation: Honasa Consumer Ltd (HONASA)
#### Trade Setup:
- **Current Price (CMP):** 449
- **Entry Range:** Confirm entry upon a successful breakout above 460.
- **Target Price:** 680
- **Stop Loss:** Below 400 on a weekly closing basis
#### Analysis:
Honasa Consumer Ltd is showing potential for a range breakout. If the price breaks above the 460 resistance level, it indicates a bullish trend, suggesting a move towards the 680 target. Ensure to place a stop loss below 400, based on weekly closing, to manage risk.
#### Disclaimer:
This trading alert is for informational purposes only and does not constitute financial advice. Trading stocks involves significant risk and may not be suitable for all investors. It is essential to conduct your own research and consult with a financial advisor before making any trading decisions. Only trade with capital that you can afford to lose, and ensure you understand the risks associated with stock trading. The author is not responsible for any losses incurred from following this recommendation.
#### Trade Setup:
- **Current Price (CMP):** 449
- **Entry Range:** Confirm entry upon a successful breakout above 460.
- **Target Price:** 680
- **Stop Loss:** Below 400 on a weekly closing basis
#### Analysis:
Honasa Consumer Ltd is showing potential for a range breakout. If the price breaks above the 460 resistance level, it indicates a bullish trend, suggesting a move towards the 680 target. Ensure to place a stop loss below 400, based on weekly closing, to manage risk.
#### Disclaimer:
This trading alert is for informational purposes only and does not constitute financial advice. Trading stocks involves significant risk and may not be suitable for all investors. It is essential to conduct your own research and consult with a financial advisor before making any trading decisions. Only trade with capital that you can afford to lose, and ensure you understand the risks associated with stock trading. The author is not responsible for any losses incurred from following this recommendation.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.