Hindustanaeronauticsshort
HAL | Possible return of the BearsStock in lower lows lower highs in daily
Current area also a flip zone in daily
So the resistance in the below mentioned area will be possibly strong
Area of Daily Resistance 3400 - 3500
SL area strictly above 3540 / 3550
Downside possible target 3050
Good risk reward
Good option play possible
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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