Note: Publishing this 2nd idea on NSE: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.
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Updates: 8-Feb-2024 -------------------------- LTP: 3097.20 HAL- 4th target of Rs. 3079 reached. 54% up from suggested level. NEXT TARGET: Rs. 3239
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.
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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.
23-Feb-2024. 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.
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28-Feb-2024 --------------- 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.
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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
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7-Mar-2024 -------------- LTP: Rs. 3,317.30 HAL- 6th target of Rs. 3,321 reached. 65% up from suggested level. NEXT TARGET: Rs. 3,628
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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
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13-Mar-2024 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%