With rising disagreements between India and China, HAL definitely gain furthermore momentum.
I will advise to trade in cash as this is extremely volatile stock.
1800 will come quite quickly. One of the best flag patterns I have seen. Also, RSI has been declining and stock has required acceleration space.
This is just a chart pattern discussion. Please trade...
HAL BULL FLAG PATTERN BREAKOUT
BREAKOUT WITH BIG GREEN CANDLE
TAKE MIN RISK REWARD 1:2
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
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
HAL -->> POSITIONAL BET
AT FRESH BREAKOUT
BUY SMALL QTY AT CURRENT LEVLES
GOOD SUPPORT FROM FIBO LEVELS ALSO
FOR ENTRY DETAILS REFER CHART
ITS A PORTFOLIO STOCK CAN GO FOR LONG ALSO
STRICT SL TO BE MAINTAINED IN EVERY TRADE
Buy Above 1180 Closing
Immediate Target 1125
1 to 3 Months Target 1330 / 1425
6 months Target 1900+
SL No Need
Average price if get chance around 1000
Debt Free + Huge Orders in Pipeline + Make in India
HAL has crossed an important resistance zone, with the volume being expanded for the day. It's like face next resistance at 1000 levels.
Cheers! This is as per my Analysis. Feel free to share your view about this. Please do your analysis before trading/Investing.
Closing Price 842
- Multiple support levels between 747-823
- the set up has the potential to scale up to 1020-1064
- any dips towards 780 could be tempting to enter fresh Long position
Take care & safe trading...!!!
HAL has broken the technical indicators due to the sudden OFS introduced by the company & opened Gap-Down. Then the price also started falling down due to the traders who were booking their losses. Then came the quarterly results and made the price fall even more and that's why most of the retail investors got trapped.
So, this analysis may help them clear their...