Get started
vicky252

Hindustan Aeronautics Limited - Breakout Opportunity

Long
HINDUSTAN AERONAUT (NSE:HAL)  
vicky252 Updated   
NSE:HAL   HINDUSTAN AERONAUT
Technical Indicators Chart Patterns Trend Analysis HAL hindustanaeronautics hindustanaeronauticsltd hindustanaeronut
16
0
indicator chartpattern trendanalysis hal hindustanaeronautics hindustanaeronauticsltd hindustanaeronut
Date: 21-Mar-2024
Rating: Buy - Positional Trade
LTP: Rs. 3121.35
Targets: (1) Rs. 3,428 --> (2) Rs. 3745
SL: Rs. 2910

Technical View:
• HAL is in its primary uptrend and was going through it's secondary downtrend since it touched life time high of 3,428.
• After touching the life time high of 3,428 on 11-Mar-2024, it has retraced 15% to 2913.6 level.
• HAL has broke out from its secondary down trend on 21-Mar-2024 with higher then average volume.
• HAL has also broke its 3 months old resistance placed at 3,079.
• RSI is above 50 at 51.28 and MACD is above 0 at 17.61.
• Looking strong to start a new swing from here.

Disclaimer: I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market.
Comment:
1-Apr-2024
--------------
LTP: Rs. 3403.35
1st target of Rs. 3,428 reached. 9% up from suggested level.
NEXT TARGET: Rs. 3,745
Comment:
20-Apr-2024
--------------
LTP: Rs. 3,751.30 (on 19-Apr-2024)
2nd target of Rs. 3,745 reached. 20% up from suggested level.
NEXT TARGET: Rs. 4,260
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.