HAL Yearly Breakout and Short Term Flag Pattern Break OutHi Reader
HAL seems to be bullish weekly breakout after one year supported by RSI
Please trade as per your risk appetite
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Thanks
Aves
HAL trade ideas
HAL is moving Hauli Hauli to become GaintHAL on daily chart making a rounding bottom pattern breakout and looking to extend the move and supported by the volume and MACD line is crossing from below the signal line. Secondly the Bollinger Bands are getting wider.
HAL LONG IDEAReasons to buy:
-RSI above 60
-MACD Crossover
-Higher volume than the past 5 trading sessions
HALStock has been consolidating since a month. Good volumes near breakout. Debt free company. Can give good move once it breaks the range.
#HAL looking very very bullishNSE:HAL
Looking very bullish. Something not to ignore. Darvas box in making
HAL - Bullish flag formation underwayOnce HAL sustains on the higher side of the resistance it will commence its upward movement to 1800.
Buy on BO. Analysis for academic purpose.
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 :)
HAL a different accumulated patternIn Aug 2020 HAL started moving up with high volumes, within no time HAL Zoomed from 550 levels to 1300+ levels.
Within next 2 months stock halved to around 650 levels. Interesting is the volume after the down move, these are abnormally high volumes. This is clear sign of accumulation by Market makers/ Institutional investors. As now one would distribute stock at such high volume compared to volumes since 2018 till Aug 2020. Even for distribution stock has not given huge returns as given by stocks before a normal distribution phase. There is multi fold rise in volumes since Aug 2020. Even after low of 650 after stock reached 1100 levels slowly instead of quick move and consolidated for since Feb 2021. Listing day high was crossed with huge volumes at the end of Aug 20 this was the indication that accumulation was complete. Breaking of previous life high marked will be the trigger for the next bull run
All these observations conclude that stock has moved has moved in to strong hands & we can see a new bull run very soon.
This is not a accumulation phase as per Wycoff method. But a based on observations above its clearly accumulation phase after Aug 2020
Now currently HAL is trading near previous life high. moving in Narrow range. This narrow range is small stop before next life high.
This will be new higher high after breakout.
At the cross roads with a bullish trendFor the last 31 days HAL crossed the last descending resistance line but could not completely (level 1369). But it has not yet given up and we are likely to see the breakout in the next seven to ten days and then HAL will be in an unchartered one. We will know it in 10 days. When is the Q2 result?
HAL LOOKS GOOD buy 1360-1367 TARGET 1410 SL 1342-DKM SIR
buy and hold as per your risk i can see the upmove level
when it break the level of 1380 we easily achived our target
HAL - Accumulation or Distribution??Price action to date - HAL today made a fresh lifetime high but failed to break out of the trading zone it has been trading in for 13 trading sessions. The stock has recently shown good momentum riding which it went past the zone it has been trading in for the last 52 weeks post which it has remained range-bound. There is a clear reduction in the volume while it has remained range-bound while today it the volume expanded as the stock tried to go past the zone which gives an impression that the phase is an accumulation one and not a distribution.
Near Future view - Once the stock breaks above the zone (with a clear expansion in volumes), one may enter the stock with an SL of 1315 with the below swing targets (CMP - 1431.95)
T1 - 1527 (23.6% of Fibonacci)
T2 - 1571 (38.2% of Fibonacci)
SL - 1340 (Lower limit of the consolidation zone)
HAL - shorting opportunitiesA drem run so far, couldnt provide close above previous high. Forming a Doji on daily chart. Can see some short opportunities upon PDL break. Viw negated upon PDH break.
HAL - FLAGPOLE BREAKOUTSubsequent to long upward trend stock consolidating between 1345 and 1428
Today breakout happened with huge volume
We could expect good move above 1460
Refer chart for levels
HATSUN RISK REWARD 1:2BUY CMP
SL-1395
TGT- 1598
TAKE MIN RISK REWARD 1:2
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: Short Can be Attempted With SL of 1415HAL has formed a double top today. Their was a CNBC flash of a possible OFS by Government in the counter. It is offering interesting shorting opportunity backed by a negative news at all time high. Good Risk Reward
HATSUN BULL FLAG RISK REWARD 1:2BUY CMP
SL-1356
TGT- 1497
TAKE MIN RISK REWARD 1:2
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 POLE AND FLAG PATTERNStock did the breakout today expecting big move in this counter atleast 200 to 300 rs upside can go long with small SL as per chart pattern
Always do your own research before investing
