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Hindustan Aeronautics Limited

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HAL trade ideas

HAL - Accumulation or Distribution?? UpdateIn the earlier idea on HAL (posted on 17/09/2021) I have updated about the price range in which the stock has been trading since 30.08.2021. The stock has not violated the zone on either side. HAL has shown some good price expansion towards the upper range of the zone with clear expansion in volumes. The stock is just confirming the idea that the stage is an accumulation stage and we may expect a break out above the zone very soon. Below will be the target in case of a genuine breakout above the level of 1456 on a daily closing basis T1 - 1570 T2 - 1790 SL - Below 1340 on a daily closing basis Do consider giving a like and following my page if the article delivered value to you :)
NSE:HAL
by NavneetRaj
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 :)
NSE:HALLong
by DoublebassmaniawithPranav
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.
NSE:HALLong
by varadtambolkar
6
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)
NSE:HAL
by NavneetRaj