1. Buy or Sell at your own risk
2. Don't risk more than 1%-2% of your capital as stop loss
3. Position Size formula:- Stop Loss Amount/(Buy Price-Initial Stop Loss Price)
4. Sell on initial stop loss hit or close below daily supertrend (for short term traders) or close below weekly supertrend (for long term investors)
5. Some other ways to sell stocks can be
a. 25% or 50% up in three weeks or less
b. Weekly tailing tops with high volume
c. Exhaustion gaps
d. Heavy daily volume without further upside
e. Largest one day price drop
After a consolidation since September 2021 (if we look at the weekly charts then we can see that the consolidation has been going on since August 2020),
HAL
is going to break out from a cup and handle pattern. Volume is also increasing. If the stock breaks out above Rs.1500 then it will be a good buy with the stop just below Rs.1400.
Other fundamentals:
1. India will 'possibly' not import any defence items going forward: Defence Ministry official
2. Hindustan Aeronautics Limited informed that in a major boost to Atmanirbhar Bharat Mission, as per Press Information Bureau, CCS has approved the procurement of 15 Light Combat Helicopters (LCH) Limited Series Production (for Indian Air Force 10 and Indian Army 5) from the Company.
3. Average Roe for last 3 and 5 years more than 15%
4. Borrowings came down from nearly 6000 crores in March 2020 to 6 crores in September 2021
5. Dividend yield of 2.69% (consistent dividend payer since 2016)
6. Debt to equity at 0.00 (less than 1 is good), Interest Coverage at 106 (greater than 3 is good), Current ratio at 1.65 (greater than 1.5 is good).
7. FII stake increased from 0.30% in December 2020 to 3.15% in December 2021.
2. Don't risk more than 1%-2% of your capital as stop loss
3. Position Size formula:- Stop Loss Amount/(Buy Price-Initial Stop Loss Price)
4. Sell on initial stop loss hit or close below daily supertrend (for short term traders) or close below weekly supertrend (for long term investors)
5. Some other ways to sell stocks can be
a. 25% or 50% up in three weeks or less
b. Weekly tailing tops with high volume
c. Exhaustion gaps
d. Heavy daily volume without further upside
e. Largest one day price drop
After a consolidation since September 2021 (if we look at the weekly charts then we can see that the consolidation has been going on since August 2020),
HAL
is going to break out from a cup and handle pattern. Volume is also increasing. If the stock breaks out above Rs.1500 then it will be a good buy with the stop just below Rs.1400. Other fundamentals:
1. India will 'possibly' not import any defence items going forward: Defence Ministry official
2. Hindustan Aeronautics Limited informed that in a major boost to Atmanirbhar Bharat Mission, as per Press Information Bureau, CCS has approved the procurement of 15 Light Combat Helicopters (LCH) Limited Series Production (for Indian Air Force 10 and Indian Army 5) from the Company.
3. Average Roe for last 3 and 5 years more than 15%
4. Borrowings came down from nearly 6000 crores in March 2020 to 6 crores in September 2021
5. Dividend yield of 2.69% (consistent dividend payer since 2016)
6. Debt to equity at 0.00 (less than 1 is good), Interest Coverage at 106 (greater than 3 is good), Current ratio at 1.65 (greater than 1.5 is good).
7. FII stake increased from 0.30% in December 2020 to 3.15% in December 2021.
Comment:
Hindustan Aeronautics Limited ties up with Israel Aerospace Industries to convert civil aircraft into multi mission tanker transport aircraft.
Comment:
HAL and L&T consortium has emerged as L1 to make 5 Polar Space Launch Vehicles (PSLVs) for ISRO. Company is the lead partner with L&T sharing the work. Other vendors too will be involved with the consortium in the manufacturing of the Launch Vehicles.
Comment:
HAI, and BEL signed a contract for co-development and co-production of Long Range Dual Band Infra-Red Search and Track System (IRST) for Su-30 MKI here today under the MAKE-II procedure of Defence Acquisition Procedure (DAP) 2020, as part of the 'Make in India' initiative.