HAL India - Coming out of consolidation, good Flag formation

kunal_finner Updated   
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.

Disclaimer - 95% of traders lose money to the top 5% of traders (SEBI stats). It is likely you could lose money if you follow tips blindly. Please DO NOT commit capital to my ideas without understanding the risks.
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

Best advice ever - Cut your position size by half.

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.