Triangle Pattern is forming Strong Resistance on Top Will move down because of MA's confirmation
hal has been seen on resistance level although it is its third resistance point so follow strict stoploss. its average candle is 80 to 90 points so targets may come in single shot also .....
CMP -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.
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
Potential AB=CD harmonic pattern completion. Supply and demand zone marked. High chances of up move if security sustains above the supply zone on daily basis. If closing below demand zone, will trigger a downmove.
HAL 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
Stock 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
go long on hal sl closing basis 2430 target 2580 ,above then 2666,2777,2888 . cmp 2465
Banknifty 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...
The 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...
HAL:- 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...
HAL is looking good for swing trading Levels are mentioned in Chart.
Cmp 2530 Sl 2330 Target 2700+ Good base with volumes and strong fundamentals stock......
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.
HAL - Swing Trade RSI Bullish Divergence Multiple TF breakout Good volume
HAL is trending in a range, currently at a strong support zone and the target is 2100. Go long on HAL
hal now trading in demand zone , can bounce from here upto1830-1870