HAL India - Coming out of consolidation, good Flag formation

The picture is self explanatory - keep in mind results coming up. BEL results were good and the sector is doing well. It should have rallied yesterday but was kept down by call sellers (below 3900 strike). Market is kind of soft right now but long term bull market is still intact, so please be cautious.

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Comment:

Quite a painful and slow trade as of now - continuing to hold. If it breaches lower on volume - will exit with a loss
However the earnings run could still come - the flag is still intact (remember high highs and higher lows)

Trade closed: stop reached

Trade active:

Still not out of it - good results