HAL has been testing the 1500 levels from last 7 months. It is a good long trade if it closes above 1500 today since it has never given a daily closing above it. It is a breakout from inverted head and shoulders pattern and target can be 15-20% positionally. Stoploss can be below 1410 DCB. Just for educational purpose.
Trade active
5% achieved in 1 day. Made an high of 1592 on 4th April.
Comment
Today, it has broken 1650 with heavy volumes in morning and made an high of 1693. 12% up already in a week for an FNO stock and it might retrace/consolidate now before the next upmove.
Comment
What a move. Reached 1750. More than 15% in 2 weeks. Max pain data shows bearish for both April and May suggesting a profit booking from this level.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.