jayaprakash99

Cup and Handle pattern in Hindustan Aeronautics limited(HAL)

Long
NSE:HAL   HINDUSTAN AERONAUT
Hindustan Aeronautics Limited(HAL) has formed Cup and handle pattern in the weekly timeframe . Though it has managed to close above the trendline for the week, it formed a Doji candle. One can wait for confirmation in the Daily/ Weekly timeframe before entering into the trade.

Cheers! This is as per my Analysis. Feel free to share your view about this. Please do your analysis before trading/Investing.

Happy Trading.
Disclaimer

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.