Hindustan Aeronautics Limited (HAL)- Mid & Long Term Opportunity

vicky252 Updated   
Note: Publishing this 2nd idea on HAL , in continuation to 1st one (link given below), to provide updated chart and targets.

Suggested on: 23-Aug-2023
Rating: Buy (Mid Term as well as Long Term Opportunity)
LTP on 23-Aug-2023: Rs. 2,015.55
SL for New Entry: Rs. 2,800
Targets Achieved: (1) Rs. 2400 --> (2) Rs. 2600 --> (3) 2915
Next Targets: (4) Rs. 3,079 --> (5) Rs. 3,239 --> (6) Rs. 3,498

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.
Updates: 8-Feb-2024
LTP: 3097.20
HAL- 4th target of Rs. 3079 reached. 54% up from suggested level.

With today's 5% jump, it has also broke out from the current consolidation phase within primary uptrend. Can be looked as opportunity for new entry as well as adding more.
Updates: 15-Feb-2024
LTP: Rs. 3,023.20
With recent fall, HAL has retraced about 10% from previous high. Post that it again started showing the strength. Revising the target post current retracement.

NEXT TARGETS: (5) Rs. 3,132 --> (6) Rs. 3,321 --> (7) Rs. 3,628
CCS on Wednesday evening cleared two major deals with HAL. Rs 19,500 crore contract for over 220 extended-range BrahMos missiles. And New advanced engines for the existing MiG-29 fighters in IAF fleet for about RS 5,300 crore.
HAL has broke out from the long consolidation phase that it is going through since beginning of JAN. RSI is above 50. MACD is above 0 and had also crossed the signal line. Looking bullish from here onwards.
Updates: 28-Feb-2024
LTP: Rs. 3,085.20
HAL- 5th target of Rs. 3,132 reached. 53% up from suggested level.
NEXT TARGET: Rs. 3,321
LTP: Rs. 3,317.30
HAL- 6th target of Rs. 3,321 reached. 65% up from suggested level.
NEXT TARGET: Rs. 3,628
Update: 8-Mar-2023
The Economic Times: The Indian government has approved a proposal for 34 new Advanced Light Helicopter (ALH) Dhruv Choppers. Hindustan Aeronautics Limited (HAL) will manufacture these helicopters, with 9 slated for the Indian Coast Guard and 25 for the Indian Army.
Trade closed: target reached:
Broke down the major uptrend line today. Closing the call and exiting to book the profit.
Suggested Price: 2015.55
LTP: 3039.5
Profit: 51%

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.