Hindustan Aeronaut Limited -1-Short & Mid term view
HINDUSTAN AERONAUT, CMP: 3872.90; RSI: 59.88,
This Defence major has given a decent returns to its investor. The script has a splendid run-up and given returns to a approx. 93.9% in last 7 months time frame. On charts the script has showing some signs of fatigue and the script may be near its peak. The script may peak out in short term at 4100 odd levels. Script may slip into a momentary consolidation phase and plungs down to 3650 to 3450 levles. This levles are good accumulation zone.
Short term Target : 4035-4100
Accumation Zone: Between: 3450-3650
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This Defence major has given a decent returns to its investor. The script has a splendid run-up and given returns to a approx. 93.9% in last 7 months time frame. On charts the script has showing some signs of fatigue and the script may be near its peak. The script may peak out in short term at 4100 odd levels. Script may slip into a momentary consolidation phase and plungs down to 3650 to 3450 levles. This levles are good accumulation zone.
Short term Target : 4035-4100
Accumation Zone: Between: 3450-3650
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Commentaire:
Recent Correction because of market volatility is indeed a good buying opportunity for the new investor to take fresh position. Chart Structure is intact.
Transaction en cours:
Next Resistance for HAL: 5313-5320
Short term Target 5693 - 5715 zones (2W times)
Midterm Targets (30 days): 6016 (Target-1); Stretched target 6381 (target-2).
Stop-loss: 5020; Strong support: 4685
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Short term Target 5693 - 5715 zones (2W times)
Midterm Targets (30 days): 6016 (Target-1); Stretched target 6381 (target-2).
Stop-loss: 5020; Strong support: 4685
✅For more trading ideas like this, please like, share, and follow my Idea Stream✅