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chandan-jain

HAL(Hindustan Aeronautic): Bullish

Long
HINDUSTAN AERONAUT (NSE:HAL)  
chandan-jain Updated   
NSE:HAL   HINDUSTAN AERONAUT
Support and Resistance Fibonacci Trend Lines HAL hindustanaeronautics
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supportandresistance fibonacci trendline hal hindustanaeronautics
HAL is nearing its 1.414 fibo ratio and has seen crucial resistance here and retested this level multiple times over the past few weeks.
One can accumulate at MP of 1070 and 1030 with SL of 1010 for targets of 1160 and 1190 NSE:HAL
Trade active
Comment:
Made a high of 1148 today and sustained above 1100 at day end.
Comment:
Made a high of 1175 despite the market crash due to fed tapering without hitting any SL. Traders can go for second tgt of 1190 with trailing SL
Trade closed: target reached:
Both targets reached.
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