INVESTMENT IDEA FOR HAL
Updated
As we can see the stock breaks its trading channel consolidation after 7 months with heavy volume and takes the support of the channel and again it breaks its trading channel on 16th November with heavy volume as compared to the last breakout volume.
STOCK IS TRADING ABOVE 20 50 EMA RSI crossing 60 from below. RSI 65
Hindustan Aeronautics Gets an LOI (letter of intent) for Nine Helicopters from Indian Coast Guard
letter of intent (LOI)
A letter of intent (LOI) is a document outlining the general plans of an agreement between two or more parties before a legal agreement is finalized. A letter of intent is not a contract and cannot be legally enforced; however, it signifies a serious commitment from one involved party to another.
educational purposes only!
STOCK IS TRADING ABOVE 20 50 EMA RSI crossing 60 from below. RSI 65
Hindustan Aeronautics Gets an LOI (letter of intent) for Nine Helicopters from Indian Coast Guard
letter of intent (LOI)
A letter of intent (LOI) is a document outlining the general plans of an agreement between two or more parties before a legal agreement is finalized. A letter of intent is not a contract and cannot be legally enforced; however, it signifies a serious commitment from one involved party to another.
educational purposes only!
Note
The US set to allow GE to make engines in India for military jets.Very positive for HAL
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