HINDUSTAN AERONAUTICS LTD (HAL)Two scenarios possible in the stock HAL , a possible downmove towards 2660-2670 levels which is a major support zones
Scenario 1 : A possible bottom formation at support zones of 2660-70 and stock can resume its uptrend and also towards 3000 levels
Scenario 2 : A breakdown of support zones 2660 levels will confirm a double top formation in the stock and can fall towards 2500-2350 levels
Hindustanaeronautics
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 Triple bottom and TL BO#HAL formed a tripe bottom at 2400-2420 range and after that has broken out of trendline.
HAL touched al time high at 2811 on 6th Dec'22 and corrected from there to 2411 within 20 days on 26th Dec'22.
Now current market price is 2509 with subdued volume till now. But looking at the fundamentals volume will increase after this breakout and one can buy it here or on every correction with stoploss of 2400 on closing basis. First target may be 2675 and next 2811.
Seems this time HAL may break above ATH and can show 3000/3200
HAL - Do Not Miss - VCP Defence Sector in India is in a sweet spot, with production and exports set to double in 3-4 years as per GOI's targets.
HAL is the juggernaut in this space, and while the expansion will primarily benefit Private players, the assembly work for the final piece will be monitored by HAL mostly.
I strongly believe that the technical setup and fundamental outlook seems very well poised to snowball it into 3k levels soon.
Once the previous high is breached, and an upcoming earnings trigger, it will be interesting to see how this plays out.
Cheers! Let me know what you think in the comments below, and follow for similar content and regular updates.
Again, only for educational purposes. Thanks for reading! :)
Hindustan Aeronautics will it go up and fly more 🤔Hey, do you like profit then your search is ending now
Today we are having
NSE: HAL
We have already seen that the chart is showing us weakness in the past few days but the bump and run patterns have occurred and now you could see a downside
What we have found by analyzing the chart
1. A Bump and Run has occurred
2. The Chart is making dojis and it can make a series of dojis and could be for this week
3. It has left the 20-day moving average way too far
4. Time frame :- 1 Day
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Comment Below If You want to ask me questions on this on any other idea
Have a Nice Day to you all
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Stock after giving good breakout, retraced to its breakout levels and then again started Upside movement.
Showing good example of breakout, pullback, retest and continuation.
Buy at CMP also with positional view for minimum 3-5% targets.
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Note:
Above levels are for education purposes only
Do your own analysis before taking any trade
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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.
HAL driving his own jet 'and ready to fire up' 🚀🚀!!!!HAL had given a breakout from a inverted head and shoulder pattern which
is extremely bullish pattern.
Also, positive MACD crossover is visible and RSI breaching above 60 again a
positive sign.
Volume is also supporting the up move.
Pattern target of 1650 could be seen.
HAL Hindustan AeronautThis stock has given good breakout on daily time frame as well as on weekly time frame, along with a good intensity of volume,
this is a newly listed stock and it is moving up impulsively, RK's Magic indicator is also suggesting to go long for forthcoming weeks,
Overall Wave Structure is also suggesting same on weekly Charts, all trend indicators are also aligned with same bias.
One can go long at current levels or in dips ( if any ) with immediate support of 1350 and major support of 1239.
All the key levels are mentioned on chart.
Overall Wave Structure could be like this on Weekly Chart.
Breakout in Daily with very good intensity of Volume
RK's Magic indicator is also suggesting to go long for forthcoming weeks
This RED curve line is nothing but support-line / stopline and it also play role of TIME-LINE
weekly macd positive crossover done
Daily macd positive crossover, uptick & now above zero line too.
Stochastic is already running positive,
but now there is very little space
pending upside in daily stochastic,
so we can assume it should retrace some amount,
before to go further up move. buy on dips is suggested.
Overall, in weekly stochastic it has pending good intensity of space upside.
Weekly RSi is uptick and also above 60
thats actually a good sign for bulls
once it crosses above 62.10 on closing basis
it would be definitely a trigger point for up move.
if RSI in Daily retests nearby 55 numbers or upto 50 too.
it can be a good buying opportunity. (may be or may be not retest)
Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
HALHindustan Aeronautics is an Indian state-owned aerospace and defence company
Current price is less than the intrinsic value
Stock offers good dividend returns
Low probability of default in next 12 months
In last 3 months, mutual fund holding of the company has increased by 1.10%
PE Ratio 15.09
Largecap
With a market cap of ₹48,892 cr,
Stock is 1.89x as volatile as Nifty
Over the last 5 years, market share increased from 79.98% to 89.98%
Over the last 5 years, net income has grown at a yearly rate of 10.08%, vs industry avg of 6.68%
Over the last 5 years, debt to equity ratio has been 19.35%, vs industry avg of 16.95%
Note:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
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Keep an eye ladies and gentlemen. Cheers and Happy Trading
HAL projected price on Valentine's DayThe price projection for HAL is a 45 day period view, at the time of the analysis we are the 27th Day of the analysis.
Phase 1: HAL made consecutive lower highs for more than 20 days before the trend was finally broken.
Phase 2: The new downward trend was not sustained as the new low after the marker low (The low that broke the previous trend) was a higher low.
Phase 3: Extending the central line of the phase 1 channel puts the projected price of HAL at 1513 on 14th Feb