HAL Closing Price 842 Observations - Multiple support levels between 747-823 - the set up has the potential to scale up to 1020-1064 - any dips towards 780 could be tempting to enter fresh Long position Take care & safe trading...!!!
All the details about the trend-line are given in the chart. Keep this on radar. Please like and follow. NSE:HAL
target can be of 990 [sy mbol="NSE:HAL"]NSE:HAL
Anticipating MACD cross on weekly chart
HAL Rounding Bottom CMP 873 Buy Above 895 for target 950-1040-1130 With Sl-830
HAL CMP at 830 looks set to give us an upmove of 50-80/- in the next 2 weeks or so. Fast Stochastic just crossed over the slow line and the trendline also shows us that we are near a breakout.
A small downward trend is expected however, there is a strong support and hence a head and shoulders pattern can be formed.
The stock is backed by good results but personally not sure if it will make it above the trend line.
Hal is having supply zone around 840-860. If holds this as resistance then we might see 580 level. I have buy position from 810 level in the counter.
Buy at 790-787 sl 760 target 855. Disc : It's not an advise to buy or sell. I have position in counter.
Any of my investment or trades I share on my view are provided for educational purposes only and do not constitute specific financial, trading or investment advice. ... You must be aware of the risks and be willing to accept them in order to trade or invest in markets. Don't trade with money you can't afford to lose.
HAL has broken the technical indicators due to the sudden OFS introduced by the company & opened Gap-Down. Then the price also started falling down due to the traders who were booking their losses. Then came the quarterly results and made the price fall even more and that's why most of the retail investors got trapped. So, this analysis may help them clear their...
HAL has been facing resistance from 200 EMA from last few sessions. If it closes above the resistance level today, A potential up move has implied. (As volume for the day is already greater than the last 20 day average volume). Cheers! Feel free to share your view about this. Please do your analysis before trading/Investing. Happy Trading.