Hindustanaeronautics
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.
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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
HAL 1800 ? PossibleWith 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 your hard-earned money on advice of a registered stock market expert. I am a newbie trader :)
Long Hindustan AeronautHindustan Aeronautics is engaged in the business of Manufacture of Aircraft and Helicopters and Repair, Maintenance of Aircraft and Helicopters.
Company has reduced debt.
Company is almost debt free.
Company has been maintaining a healthy dividend payout of 32.70%
Debtor days have improved from 171.64 to 90.44 days.
Please check to the chart for more information.