HCAR Honda Atlas Car Limited Analysis 19 Oct. 2015
Rebound Insight
Our Pivot: 220
Our Preference: Buy above 236 and add averages till 233 with strict stop loss of 220 and profit target at 254, closing above 254 will call for 261 with extension towards 280.
Alternate Scenario: Downward penetration of 220 will call for 204.
NOTE: HCAR is caged in a triangle and right now its getting support from a horizontal support in that triangle. Daily Stochastic have generated crossover while weekly stochastic is already in bullish mode.
Recommendations:
Buy above 236 and average out till 233 with target at 254.
Weekly Chart with Supports and Resistances:
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John Doe
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