Hindustan Aeronautics LimitedThe stock has been in an uptrend and it has formed flag pattern in weekly chart it can continue its momentum and can reach 1175. (personal due diligence advised)
HAL trade ideas
A long term goal oriented wealth creatorHAL (HINDUSTAN AERONAUTICS LIMITED) IS JUST BEGINING ITS JOURNEY IN MARKET, IT HAS A LONG WAY TO GO. AS INDIA IS SPENDING ON DEFENCE THAN EVER BEFORE AND ALSO INVESTING AND EXPANDING ITS PORTFOLIO , AND STARTED SELLING TO OTHER COUNTRIES, ITS JUS BUDDING SECTOR IN OUR COUNTRY AND CAN UNLEASH THE POTENTIAL IN COMING YEARS... START ADDING FOR LIFE TIME GOALS...
HAL AB=CD Pattern with 1.618 FIB
Support around 895 and 875
on the higher side 970-980 is pria action based Resistance and 1.618 FIB
HALHeyy!! here it looks like it will touch below supports 665 or 614 if it will not break 755 so trade consciously. #learner
#HINDUSTAN AERONAUTICS LIMITEDSTOCK-HAL touched low of 470 in March-2020 and then recovered and made a high of 1423 on 14th August, but after that there is a profit booking in the stock, now the stock is near its support level of 980, Stock is near to its 38.2% fibonacci retracement level. So as per my analysis buy in the range of 975-980 for the target of 1200 in next 1 Month keep a stop loss of 859 on closing basis.
Pattern of the Day- Cup and Handle FormationCup and handle formation on daily chart with good volume at the handle side. Possibility of upside momentum in coming days after breakout of handle.
