Hindustan Aeronautics Limited - Breakout Opportunity

Zaktualizowano
Date: 21-Mar-2024
Rating: Buy - Positional Trade
LTP: Rs. 3121.35
Targets: (1) Rs. 3,428 --> (2) Rs. 3745
SL: Rs. 2910

Technical View:
HAL is in its primary uptrend and was going through it's secondary downtrend since it touched life time high of 3,428.
• After touching the life time high of 3,428 on 11-Mar-2024, it has retraced 15% to 2913.6 level.
HAL has broke out from its secondary down trend on 21-Mar-2024 with higher then average volume.
HAL has also broke its 3 months old resistance placed at 3,079.
• RSI is above 50 at 51.28 and MACD is above 0 at 17.61.
• Looking strong to start a new swing from here.

Disclaimer: I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market.
Uwaga
1-Apr-2024
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LTP: Rs. 3403.35
1st target of Rs. 3,428 reached. 9% up from suggested level.
NEXT TARGET: Rs. 3,745
Uwaga
20-Apr-2024
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LTP: Rs. 3,751.30 (on 19-Apr-2024)
2nd target of Rs. 3,745 reached. 20% up from suggested level.
NEXT TARGET: Rs. 4,260
Transakcja zamknięta: osiągnięto wyznaczony cel
06-May-2024
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Closing the call. Broke down the secondary uptrend line.
LTP: 3,816.40
P&L: +22%
Chart PatternsHALhindustanaeronauticshindustanaeronauticsltdhindustanaeronutTechnical IndicatorsTrend Analysis

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