Hindustanaeronauticsltd
HAL - Break of trend1st Hour candle showing clear signs of break of trend
Stock has also broken an important support of 4600
Its highly possible that stock may again go it its previous support nor turned resistance area of 4600
From there it will start its proper downward journey, till at least 4450
Any close above 4625 will negate the idea
Hindustan Aeronautics Ltd - Breakout OpportunityDate : 6-Jun-2024
Rating : Buy - Positional Trade
LTP : Rs. 4,666.60
Targets: (1) Rs. 5,444 --> (2) Rs. 6,385
SL : Rs. 4,044 on daily close basis
Technical View:
• NSE:HAL is in its primary uptrend and was recently going through it's secondary downtrend.
• After touching the high of 5,444 on 3-Jun-2024, it has retraced 28% to 3,920 level.
• On 6-Jun-2024, NSE:HAL has broke out from its secondary down trend with higher than average volume.
• Prices are trading above 21 DEMA and 50 DMA.
• RSI is trading at 53.63 and MACD is trading at 202.50.
• Looking good to start a new swing from here.
Disclaimer : I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market. Ideas are published for learning purpose only.
Hindustan Aeronautics Ltd - Breakout OpportunityDate : 14-May-2024
Rating : Buy - Positional Trade
LTP : Rs. 4,074.70
Targets: (1) Rs. 4,275 --> (2) Rs. 4,650 ++
SL : Rs. 3,670 on daily close basis
Technical View:
• NSE:HAL is in its primary uptrend and also going through it's secondary uptrend.
• Within the current secondary uptrend, NSE:HAL has retraced 5% from top and again started the upward journey from 8-May onwards.
• On 14-May-2024, NSE:HAL has broke out from minor down trend line as well as it broke the previous 52 week high with higher than average volume.
• On 8-May-2024, NSE:HAL has closed above 20 DMA and 21 DEMA. Since then it is trading above 20 DMA and 21 DEMA.
• RSI is trading at 68.74 and MACD is trading at 118.49.
• Looking strong to continue the current uptrend.
Disclaimer : I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market. Ideas are published for learning purpose only.
Hindustan Aeronautics Limited - Breakout OpportunityDate : 21-Mar-2024
Rating : Buy - Positional Trade
LTP : Rs. 3121.35
Targets: (1) Rs. 3,428 --> (2) Rs. 3745
SL : Rs. 2910
Technical View:
• NSE:HAL is in its primary uptrend and was going through it's secondary downtrend since it touched life time high of 3,428.
• After touching the life time high of 3,428 on 11-Mar-2024, it has retraced 15% to 2913.6 level.
• NSE:HAL has broke out from its secondary down trend on 21-Mar-2024 with higher then average volume.
• NSE:HAL has also broke its 3 months old resistance placed at 3,079.
• RSI is above 50 at 51.28 and MACD is above 0 at 17.61.
• Looking strong to start a new swing from here.
Disclaimer: I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market.
Hindustan Aeronautics Limited (HAL)- Mid & Long Term OpportunityNote: Publishing this 2nd idea on NSE:HAL , in continuation to 1st one (link given below), to provide updated chart and targets.
Suggested on: 23-Aug-2023
Rating: Buy (Mid Term as well as Long Term Opportunity)
LTP on 23-Aug-2023: Rs. 2,015.55
SL for New Entry: Rs. 2,800
Targets Achieved: (1) Rs. 2400 --> (2) Rs. 2600 --> (3) 2915
Next Targets: (4) Rs. 3,079 --> (5) Rs. 3,239 --> (6) Rs. 3,498
Disclaimer: I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market.
1000 POINTS FALL IN HAL? INVESTORS BE CAUTIOUSHAL is forming a distribution pattern at the top and one can sell around in supply zone with SL above 3100 for the targets of 2790 - 2750 and if this support zone breaks we expect to see much deeper price as marked on the chart. Investors be cautious at this price.
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