Hindustan Aeronautics Limited (HAL) - Break Out Opportunity
Updated
Date: 23-Aug-2023
Rating: Buy
LTP: Rs. 4031.10
Target: Rs. 4800
Exit Plan: Follow the 7/13/26 DEMA cross down on closing basis.
HAL has given a break out from an Ascending Triangle that has been created since last few sessions. With this it has also break out from it's last known resistance. 7/13/26 DEMA crossover, MACD crossover and RSI above 0 supporting further upward journey and possibility of achieving new highs.
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.
Rating: Buy
LTP: Rs. 4031.10
Target: Rs. 4800
Exit Plan: Follow the 7/13/26 DEMA cross down on closing basis.
HAL has given a break out from an Ascending Triangle that has been created since last few sessions. With this it has also break out from it's last known resistance. 7/13/26 DEMA crossover, MACD crossover and RSI above 0 supporting further upward journey and possibility of achieving new highs.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.
Note
DAC approves proposals worth Rs 45,000 crore, including procurement of 12 Su-30MKIs for IAF which will be manufactured in India by HAL.Note
Updating target after stock split.<b>Target:</b> Rs. 2400
Note
HAL started flying again towards the target.Note
Target of 2400 achieved.Next Target: 2600.
Note
6-Dec-2023:2nd target of Rs. 2600 reached.
Momentum is still strong. Next Target: Rs. 2915
Note
36% up from suggested level.Note
4-Jan-2024:3rd target of Rs. 2915 reached.
LTP Rs. 2904.25. Up by 44% from suggested level.
Momentum is still strong.
NEXT TARGET: Rs. 3111
Trade closed: target reached
Closing this idea.Refer to latest HAL idea published with updated chart and targets. Link given below.
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