#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 trade ideas
intradayconsolidating in small range. wait for box breakout. both side potential
avoid first 15min breakout
wait for 15 min candle closing
targets are marked
if the breakout comes after 10:00 am then the probability of winning will be more.
follow risk management
do your own analysis
do workout
do meditation
start reading books
Double Bottom pattern Breakout in HALHAL
Key highlights: 💡⚡
✅On 1D Time Frame Stock Showing Breakout of Double bottom Pattern .
✅ Strong Bullsih Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 2700+.
✅Can Go short in this stock by placing a stop loss below 2550-.
HAL Cmp 2510 dated 20-1-2023 Triangle BOHAL Cmp 2510 dated 20-1-2023
1. Triangle BO @ 2525
2. RSI on verge of BO
Buy above 2525 for target 2550-2600-2675-2730 SL 2440
Disclaimer :
I am not a SEBI registered Analyst so please do your own Analysis before taking any action.
The above view is shared just for educational purpose.
By no means shall be responsible for any losses amounting out of it incase if any trades on it.
It is just a view, please trade at your own risk.
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HAL CONTINUATION TRADEA continuation trade can be planned with small risk...
Chart is self explanatory. Levels of breakdown, possible down-moves (where stock may find support) and resistances (close above which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
HAL - Cup & Handle Pattern Breakout - Swing TradeThe analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis
HALHAL:- HAL break out with high volume. keep on radar
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
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! :)