Technical Analysis for Hindustan Aeronautics Limited (HAL):
Technical Analysis for Hindustan Aeronautics Limited (HAL):
Trade Type: Swing trade
Key Levels:
Last Support: Holding strong support
Trendline Breakout: Confirmed
Reversal: Bouncing off the 200 DEMA
Nearby Fib Level: Close to the 61% Fibonacci retracement level
Entry Strategy: Good risk-to-reward setup
Stop Loss (SL): ₹3896
Targets:
Target 1: ₹5655
Target 2: ₹6664
Monitor price action and volume closely for confirmation. Adjust stop loss and strategies as the trade progresses.
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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.