Defense sector has been highly bullish since Indo-china border tension, Every news is an opportunity for trader
Wait for a correction in price
BUY - 810-823
Target - 901
Stop loss - 798 ( below 800)
HAL is in a critical zone as if that trend line breaks it will be in a range parallel as that is having greater chance
BUT there can be a upward moving parallel channel if it bounces back and starts to move up
I AM ON NEUTRAL POSITION right now
please tell me in comment section if you find any error and also suggest me which stocks i should analyse
I AM...
HAL 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.
One 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...
After 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
