Hindustan Aeronautics Ltd (HAL) - Long Setup, Move is ON...#HAL trading above Resistance of 3917
Next Resistance is at 4843
Support is at 2660
Here are previous charts:
Chart is self explanatory. Entry, Resistances and Support are mentioned on the chart.
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
Hindustan Aeronautics Ltd (HAL) - Long Setup, Move is ON...#HAL trading above Resistance of 3128
Next Resistance is at 3917
Support is at 2300
Here are previous charts:
Chart is self explanatory. Entry, Resistances and Support are mentioned on the chart.
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 - Mid Term Bullish - Then CorrectionHAL is in long-term impulse.
Wave 3 is unfolding in the long term.
In Midterm, 3 wave of major 3 is going on.
It will enter short-term correction after the completion of wave 3.
The target for wave 3 is marked with fib projection.
The analysis is only for educational purposes. Please trade at your own risk
Short trade on HALCMP -2400 , Target 1800 , positional Timeframe -March 2023 , we are witnessing the downtrend on HAL . Expecting the target to hit within next 2 months . One can trade sell futures or buy put options in HAL with the target given . The view is mine . It’s not a buy : sell recommendation.
Hindustan Aeronautics : Ready To Take Off?After forming head and shoulder patterns, a breakout occurred. Is it a trap? lets find out.
The Price is trending above its 20-day moving average.
The good thing is that the price is still above the 200-day moving average.
The breakout candle has proper volume , so it can't be called a fake breakout
HAL FALSE HEAD AND SHOULDER BREAK DOWNHAL has failed one of the most successful pattern HEAD and SHOULDER today, with CMP 2663. With support at 2526, It may shoot to the target of 3030 in no time ( Weekly TimeFrame) as its PE Ratio is just 14.12 as compared to Industry PE Ratio of 37.31 . As the chart has already broken the resistance with a very high margin, it may or may not retest the support. SL 2525
HAL- Baking a parallel Channel ConsolidationStock From defence sector . A no debt company near 52 week high. Stock is consolidating for the last 6 months . Recovered almost above110% from its 52 week low. Immediate supports at 2500-2600 levels and resistances at 2680- 2900 levels. Can move nearer to 3000 levels within 1-2 months time. Higher chance for multibagger returns in long run
WEEKLY 23-1-2023Banknifty is in uptrend, its Montly and weekly RSI is 64 and almost 60 respectively. Daily RSI taking support @ 40. Its a good buy for swing and positional view. Major support near 41800- 42000 and specific SL below 41635. Banknifty is trading in a long channel and is currently at lower end of the channel. Further for last 3 weeks its is within a range and is not moving in any direction. I can sense a big move ahead.
Finance nifty is similar to Bank nifty and its major support levels are 18550 - 18600 and SL below 18500 levels
Stocks to watch for positional view
MINDACORP (breakout of triangle on weekly chart) Strict SL below 210 and TGT can be 256-268
INDIGO (Breakout abv 2070) SL below 2030 and TGT can be 2271
Godrejconsumer (Breakout of Ascending Triangle on weekly chart) SL below 900 and TGT can be 955-970
Stocks for Swing are
SIEMENS SL Below 3000 tgt 3240-3320
SBIN SL below 575 TGT 610- 628
HAL SL below 2430 TGT 2564 - 2620
Previous Week Positions.
LT -- TGT achieved
mphasis stoploss triggered
ABCAPITAL --- still open TGT 170+ SL below 138
TATACOMM ---- Still Open TGT 1460 SL below 1310
Please seek professional advise before investing. The views expressed are personal opinion of author for his study purpose (records) only and author is not a professional advisor on the subject. Author shall not be personally responsible for loss / discrepancies if any arising out of the above report
HAL - Cup & Handle Pattern Breakout - Swing TradeThe analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis
HALHAL:- HAL break out with high volume. keep on radar
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
HAL's Flight Ready to Take Off ?This is Daily Timeframe.
Formed bullish belt-hold last day with volume strength. Two bullish candles with no wicks below have formed in last few days.
This can be short term trend reversal point. I'm keeping this stock in my radar.
Thsi post is for information purpose only.