Hindustan Aeronautics Limited (HAL) - Break Out Opportunity
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.
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.
Note
DAC approves proposals worth Rs 45,000 crore, including procurement of 12 Su-30MKIs for IAF which will be manufactured in India by HAL.Note
Updating target after stock split.<b>Target:</b> Rs. 2400
Note
HAL started flying again towards the target.Note
Target of 2400 achieved.Next Target: 2600.
Note
6-Dec-2023:2nd target of Rs. 2600 reached.
Momentum is still strong. Next Target: Rs. 2915
Note
36% up from suggested level.Note
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
Trade fermée: cible de profit atteinte
Closing this idea.Refer to latest HAL idea published with updated chart and targets. Link given below.
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.