HAL - End of short term correction? 1000 pts rally on the cards?HAL - CMP 4048
TF: 90 minutes
Looks like the first leg of correction (A) is almost done in a 5 wave structure.
Internal counts are marked
Diagonal is visible at the end of this sideways correction/consolidation
Price is still holding the June 4th lows.
Looking at the sideways correction on weekly TF (see below), looks like the price cant fall one way down, and hence a retracement is expected. You will also notice that price is at the DEMAND zone on weekly TF
For this B wave (until or otherwise it breaks a specific Fib/invalidation level, the count remains corrective, and hence, it is considered as corrective rise B), the minimum expectation is 50-61% retracement of this entire fall. That would be 4800-5000 levels.
We will decide the next course of action depends on how well the price reacts at that zone.
For now, fresh shorts are not advisable and a low risk LONG Set up could emerge soon
I am not a SEBI registered Analyst. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions.
HAL trade ideas
Stock Update: HALHAL is showing promising signs, reversing from the 200 EMA, which has historically acted as a strong support level. Additionally, the 4050 zone provides a solid foundation, reinforcing this level as a potential launching pad for a bullish reversal.
Key Points to Note:
1) 200 EMA Reversal: Often viewed as a strong technical indicator for possible trend changes.
2) Support at 4050: Providing a cushion for potential upside movement.
3) This setup could be interesting to watch for anyone tracking HAL's performance. 📊
What are your thoughts on this setup?
HAL - TRENDLINE RESISTANCEHAL is making a Trendline Resistance Pattern at 30min chart, going down while making Lower highs, 4440 area is working as a support zone for it.
It may go down towards 4470-30 and reverse. One may buy when it breaks the blue color trendline. Hammer candle formation at support area will be good.
For learning and educational purposes only.
HAL - Break of trend1st Hour candle showing clear signs of break of trend
Stock has also broken an important support of 4600
Its highly possible that stock may again go it its previous support nor turned resistance area of 4600
From there it will start its proper downward journey, till at least 4450
Any close above 4625 will negate the idea
Hal complete running flat correction.It is time to trend reversal?
HAL Ready to give 1:3 to 1:4 risk to reward for swing traders
Running flat e correction
Guideline:
Wave C fails travel the full distance, falling short of the level where wave A
ended
• Wave C needs to have momentum divergence
Fibonacci Ratio Relationship
• Wave B = 123.6% of wave A
• Wave C = 61.8% – 100% of wave AB
*This is for only educational purposes.
*Trade with your own risk to reward.
*Consult you financial advisor before taking any trades.
HAL ( symmetrical triangle) BREAK DOWN Honestly My Opinion
I Don't Like buy options Scripts For HAL
as we know premium are way to expensive
But the Chart Pattern is so perfect I cant Avoid the trade
TEXT BOOK chart pattern symmetrical triangle ...
A symmetrical triangle is a chart pattern used in technical analysis that indicates a period of consolidation before the price breaks out in either direction. Here’s a quick overview:
Characteristics:
Converging Trend Lines: The pattern is formed by two trend lines that converge towards each other. One trend line connects a series of lower highs, while the other connects a series of higher lows.
Neutral Pattern: It doesn’t indicate a specific direction. The breakout can occur either upwards or downwards, depending on the prevailing trend and market conditions.
How to Identify:
Trend Lines: Look for two trend lines that converge, forming a triangle shape.
Volume: Typically, volume decreases as the pattern forms and then increases sharply on the breakout.
Breakout Point: The breakout usually occurs before the trend lines converge completely.
Trading the Pattern:
Entry Point: Enter the trade when the price breaks out of the triangle with increased volume.
Price Target: The target price is often estimated by measuring the height of the triangle at its widest point and projecting that distance from the breakout point.
Stop-Loss: Place a stop-loss order just below the breakout point to manage risk.
Some information about HALHindustan Aeronautics Limited is a leading Indian public-sector aerospace company that designs, manufactures, and maintains aircraft, helicopters, and engines for both military and civilian use. The company is headquartered in Bengaluru, Karnataka.
Here are some key levels related to Hindustan Aeronautics Limited:
Stock Price: Listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) of India, with a current market capitalization of over ₹2.5 lakh crore (approximately $34.5 billion USD)
Share Price: Currently trading around ₹1,500-1,70
HAL (Hindustan Aeronautics Limited) levels 1 DayHAL (Hindustan Aeronautics Limited)
Support Levels:
Fibonacci Level: 1700 (23.6% Fibonac
ci retracement of the 2022-2023 rally)
Trend Line: 1670 (the lower end of the ascending
trend channel)
Psychological Level: 1650 (a significant round
number)
Resistance Levels:
Fibonacci Level: 1850 (61.8% Fibonacci
retracement of the 2022-2023 rally)
Trend Line: 1880 (the upper end of the ascending
trend channel)
Psychological Level: 1900 (another significant
round number)
Hindustan Aeronaut Limited -Chart AnalysisHindustan Aeronaut Limited: CMP : 5200.25
Buy: 5050 - 5250
Next Resistance HAL: 5313-5320
Short term Target 5693 - 5715 zones (2W times)
Midterm Targets (30 days): 6016 (Target-1);
Stretched target 6381 (target-2)
Stop-loss : 5020;
Strong support: 4685.
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UPCOMING SET UP SERIES SCRIPT - 4
SHARED ANALYSIS based on purely price action only for a technical aspect. Described level does not need to necessarily be observed….
KEEP ADDING to your watchlist and wait patiently for described level ( It may / may not be takes time )
LONG TERM INVESTORS can use described levels to accumulate OR hold….
HAL - Trend Line BreakoutHAL - Trend Line Breakout
Disclaimer:-
This is only for educational purposes. The author is neither a registered stockbroker nor a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity, index, or any other financial instrument at any time.