Breakout, retest and moving up
HAL BO from triangle some days ago, retested and now moving up again....HAL is a heavy weight and an important company when it comes to defence category...targets marked. it has moved up 7% today....let us see how this pans out. This is an idea.
Note
Up 4% today..CMP 1207Note
All targets achieved...but i had marked 1353 as target 3 on a separate chart and it has achieved that too...if anyone has followed this idea he would have made some good money...1088 to 1381..a 27% move..Note
Whenever there is a retest back to the trend line/channel and then a move up it is usually a profitable move ( nothing is 100%, but 60% is also great)Note
stock is up 3.4% ...1420..Note
29.5% move since i posted this chart...today it is up 4%..1464Note
Up 7% today...CMP 1544
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