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.
Halanalysis
Hindustan Aeronautics Ltd. HAL Chart Analysis !!📈 Hindustan Aeronautics Ltd. (HAL) 📉
This Stock Broke out from a Resistance zone of 1460-1480 after testing five times this range on upside with a strong green candle. If you look closely it has spend around seven months below this level. So It makes this Strong breakout.
Bias - Long
Target - 1600, 1700, 1800
SL - 1394
RR- 1 : 2.5
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.