HAL set to Crash to 3000 and below!
Attached: Daily Chart as of 24th Jan 2025
Marked by Dotted Trend lines, you may call it a CONTINUATION DIAMOND PATTERN💎 which resolves in the Down Trend resuming📉🔨
#HAL has a Beautiful Super Bearish Chart🐻
Price also sustaining below 4,000 shows Bears in Control and below POC and 200 Day EMA
Downside Target can be 3,100 to 2,700🎯
On a Fundamental Note:
Shareholders in HAL has also increased from 2,18,116 in March 2022 to 12,75,632 meaning Retail or Dumb Money has been buying the Stock. Remember PSU Stocks were all pumped by PM Modi and Retail/ Public/ Sheep have bought it at any Price on any Random Narrative.
Conclusion it is Over-owned and Overvalued and Mean Reversion to be seen in Price!
Marked by Dotted Trend lines, you may call it a CONTINUATION DIAMOND PATTERN💎 which resolves in the Down Trend resuming📉🔨
#HAL has a Beautiful Super Bearish Chart🐻
Price also sustaining below 4,000 shows Bears in Control and below POC and 200 Day EMA
Downside Target can be 3,100 to 2,700🎯
On a Fundamental Note:
Shareholders in HAL has also increased from 2,18,116 in March 2022 to 12,75,632 meaning Retail or Dumb Money has been buying the Stock. Remember PSU Stocks were all pumped by PM Modi and Retail/ Public/ Sheep have bought it at any Price on any Random Narrative.
Conclusion it is Over-owned and Overvalued and Mean Reversion to be seen in Price!
Siddharth Bhansali
✔️Twitter Handle @T_Harth
✔️Twitter Handle @T_Harth
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.
Siddharth Bhansali
✔️Twitter Handle @T_Harth
✔️Twitter Handle @T_Harth
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.