Hindustan Aeronautics Limited (HAL) - Break Out Opportunity

Zaktualizowano
Date: 23-Aug-2023
Rating: Buy
LTP: Rs. 4031.10
Target: Rs. 4800
Exit Plan: Follow the 7/13/26 DEMA cross down on closing basis.

HAL has given a break out from an Ascending Triangle that has been created since last few sessions. With this it has also break out from it's last known resistance. 7/13/26 DEMA crossover, MACD crossover and RSI above 0 supporting further upward journey and possibility of achieving new highs.

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
DAC approves proposals worth Rs 45,000 crore, including procurement of 12 Su-30MKIs for IAF which will be manufactured in India by HAL.
Uwaga
Updating target after stock split.
<b>Target:</b> Rs. 2400
Uwaga
HAL started flying again towards the target.
Uwaga
Target of 2400 achieved.

Next Target: 2600.
Uwaga
6-Dec-2023:
2nd target of Rs. 2600 reached.
Momentum is still strong. Next Target: Rs. 2915
Uwaga
36% up from suggested level.
Uwaga
4-Jan-2024:
3rd target of Rs. 2915 reached.
LTP Rs. 2904.25. Up by 44% from suggested level.

Momentum is still strong.
NEXT TARGET: Rs. 3111
Transakcja zamknięta: osiągnięto wyznaczony cel
Closing this idea.
Refer to latest HAL idea published with updated chart and targets. Link given below.
Chart PatternschartpattrenHALTechnical IndicatorstrendanalyisisTrend Analysis

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