HAL trade ideas
HAL - Bearish Bat - Go ShortHAL has formed Bearish Bat and the potential reversal zone for short is 827.5 - 814.85
Target will be 801.15 and the stop loss will be 830
Disclaimer: This prediction is based on current market condition and it does not guarantee a success in trading.
HAL - BreakoutOne of the very few defence players which got beaten down due to a political tussle pre elections. The govt owes them approx 20,000cr. Def Minister Sitaraman had mentioned orders are close to being confirmed. Always been a profit making company with good margins and good cash flows. Hopefully things get back to normal soon.
Today the stock broke out with 12x volumes and 90% delivery.
Seems more an investor play to go long. But still with a deep SL for if things go wrong again.
HAL at Important JunctureAfter beating down, the stock has shown trend reversal symptoms. If it can break out from the resistance marked, it has potential for 10% returns in very short span.
Published for Education purpose
